Italian plant maker Danieli's president Mr Gianpietro Benedetti has confirmed the intention of Danieli to build a new steel mill in Europe.

In fact, one possibility is to build the new plant in Buttrio in Italy, doubling the current production capacity of Danieli special steel producing subsidiary Acciaierie Bertoli Safau. However, energy related issues could complicate the feasibility of the project in Italy, as stated by Mr Benedetti.

Danieli's managers have not released any further information about other likely scenarios. Meanwhile, talking about a possible slackening of the European markets from now up to 2030, Danieli indicated as exceptions eastern European countries including Poland.

According to Danieli, the new plant would employ 500 to 600 people, while its raw special steel annual production capacity would amount to 0.8 to 1 million tonnes. Danieli Group will take a definitive decision on the issue in the coming months, holding on for several customers who in turn are postponing their investments.

In particular, during 2012 (probably in the final months of the year) Danieli will resume projects in various developments stages which were idled during the war in Libya.

Mr Benedetti said that "I believe that the projects in Libya will resume by the end of 2012. I think this could be a priority for Libya."

(Sourced from Steelorbis.com)
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