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Piombino's Phoenix: Trasteel's Tenacious Tenancy & Steel's Salvation
Trasteel is finalising a lease to acquire Liberty Magona's Italian plant. The deal involves paying €36 million, which will count towards a future purchase. Production will restart by late 2026. The government supports this move, but the union remains cautious. The lease must conclude by December 2027 for Trasteel to buy the facility fully. This marks a key step for Italian steel.
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