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Flacks Forges Fresh Frontier for Faltering Italian Steel

Flacks Group revises its Acciaierie d'Italia acquisition bid, proposing Flacksider entity to guarantee Taranto production continuity. The ambitious plan includes direct reduced iron plant construction feeding new electric arc furnaces, gradually phasing out blast furnaces while maintaining employment levels. Danieli confirms involvement, with Metinvest potential participation. Flacks forecasts 4 million metric tons annual green steel production, expressing frustration over governmental delays while awaiting summer holiday conclusion for formal response.

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