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India's JSW Steel to invest $154 million to revive Piombino mill in ltaly-壓鑄展-鑄造展-2024第二十四屆廣州國際壓鑄、鑄造及工業爐展覽會-巨浪展覽-The 24th China(Guangzhou) Int’l Die casting Foundry & Industrial Furnace Exhibition
3/5/2024 壓鑄展-鑄造展- Die-casting expo-foundry expo |
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India''s JSW Steel Limited will invest an estimated $154 milion to relaunch the Piombino steel mill in ltaly, the companysaid in a statement on Monday, March 4.
The company said that jSW Steel ltaly SRl has signed an agreement with the ltalian authorities to revive the
Piombino steel mill.The investment wil be made to modernize the rall mill at Piombino, doubling the current rail-making capacity to600.000 mt from 300.000 mt per year, helping to provide Europe with the most modern, technologically-advanced andbest-in-class rail mill. JSW Steel said in the statement.
This project will safeguard the aspiration for the development of Piombino as a steel hub and will step up domesticproduction, which will result in the reduction of imports of steel products into ltaly, Sw Steel said.JSW Steel in 2018 acquired the steel facilities at Piombino in an all-cash deal.The project will focus on the setting up of a more efficient tandem mil, head hardening facility (used in high-speedrails), and increasing the length of rails to 120 meters from 108 meters.
壓鑄展-鑄造展-2024第二十四屆廣州國際壓鑄、鑄造及工業爐展覽會-巨浪展覽-The 24th China(Guangzhou) Int’l Die casting Foundry & Industrial Furnace Exhibition
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