Danieli up after winning $530 million steel plant contract in France

Danieli & C Officine Meccaniche SpA

14/04/2026 09:05

** Shares in Italy's Danieli DANI.MI rise more than 4% after the plant builder said on Monday it had signed a contract with Marcegaglia worth around 450 million euros ($530 million)

** The contract is for the construction of a new steel plant in Fos-sur-Mer, France, part of Marcegaglia's 1-billion-euro capex "Mistral Project”

** Italian brokerage Equita says the contract value is "significant"

** "The agreement confirms Danieli's role as a technological partner for large-scale sustainable investments in the steel sector," Equita says

** Including Tuesday's rise, Danieli's shares have gained around 31% YTD​

($1 = 0.8487 euros)

(Reporting by Mirko Miorelli)

((Mirko.Miorelli@thomsonreuters.com))