Italy's Danieli hits record high after orders in India

Steel Authority of India

12/12/2025 09:03

** Shares in Danieli DANI.MI rise 5% after it secured three new plant orders in India worth around 500 million euros ($587 million)

** The Italian iron and steel group will supply a new blast furnace, a continuous casting machine for slabs and a hot strip mill to Steel Authority of India Limited (SAIL) for a plant expansion

** Banca Akros deems the orders "significant" and adds they strengthen Danieli's visibility on its already solid order backlog, further consolidating its position in India

** The deal fits with the company's 2025-2026 order-book guidance, the broker says

** The stock is up more than 112% YTD

** It hits its highest price ever

($1 = 0.8519 euros)

(Reporting by Laura Contemori)

((Laura.contemori@thomsonreuters.com))