ROME, Nov 21 –The Italian Ministry of Enterprises and Made in Italy (Mimit) and the mining and metallurgical group Metinvest signed a joint declaration on Wednesday during the Italy-Ukraine business forum in Rome. This agreement forms part of a broader initiative to restart the steel complex in Piombino and includes the construction of an advanced, environmentally friendly steel plant by the Ukrainian group, valued at EUR 2.5 billion, as reported by an Interfax-Ukraine correspondent.

"This signing marks another step for the Italian steel industry towards reviving production using green technologies. In Piombino, we've undertaken a win-win action: fulfilling promises to the region by developing the industrial zone, preserving, if not increasing, jobs, and creating an important training project. Simultaneously, we’ve partnered with Ukraine in the name of peace and friendship, which ties us to this nation," commented Adolfo Urso, Italy's Minister of Enterprises and Made in Italy.