Trasteel & Greensill Bank have reached an agreement for the sale of the Magona re-rolling plant in Piombino, Tuscany, formerly operated by Liberty Steel. Trasteel has submitted a binding offer, committing to pay €36 million ($41.8 million) over eight months as a lease payment toward eventual acquisition. Italy's Minister of Enterprises welcomed the development as a major step toward industrial revival. Trade unions remain cautious, noting the deal is not yet formally signed.