Overview
- Project Sider confirmed that binding offers from Jindal Steel International and Arvedi were received and transmitted to the commissioners after the midnight deadline on November 8.
- The US fund Flacks Group pulled out before the deadline and the Federacciai‑led Italian consortium did not convert its earlier interest into a binding bid.
- Italy’s Cassazione confirmed the stop to the plant’s hot area and Acciaierie d’Italia has asked for extraordinary layoff support for up to 8,622 workers from the current staff of about 4,450.
- Jindal’s pitch reflects the closed hot area with an initial workforce around 3,000 and reliance on imported bramme plus plans for an electric arc furnace, while Arvedi proposes a phased laminates restart, construction of EAFs and a possible eventual workforce near 5,000 but ties its bid to local and institutional approval in Taranto.
- Next steps include a technical, financial and social review by the commissioners, a union table scheduled for November 10 and a government meeting in mid‑November, with billions in modernization costs and possible state support such as Invitalia under discussion.