JSW Steel Italy secures government contract for Piombino expansion

JSW Steel Italy Piombino S.P.A. has signed a development contract with the Italian Ministry of Enterprise & Made in Italy (MIMIT), Tuscany Region, and INVITALIA to modernize its rail mill. The project, with an estimated total cost of EUR 143 million, will be partially funded by EUR 33 million in grants from the Italian government through INVITALIA. This expansion will nearly double the rail mill's capacity from approximately 0.32 MTPA to 0.6 MTPA and enable the production of longer rails up to 120 meters, including technologically advanced 'Head Hardened' rails for the European market. JSW Steel expects the upgraded facilities will be "best in class" and this investment reinforces JSW Italy's, MIMIT's, Tuscany Region's and INVITALIA’s commitment to the region's economic growth.