Kurum International invests €150 million for new MIDA plant in Albania

Monday, 29 December 2025 14:21:12 (GMT+3)   |   Istanbul

According to local media reports, Italian plantmaker Danieli has signed a deal with Albanian steelmaker Kurum International for the construction of a green steel plant in Albania, marking the first implementation of the MIDA plant in Europe.

The new green steel plant will be constructed in Elbasan with a total investment value of €150 million ($177 million). The facility will be built using Danieli’s proprietary MIDA technology, a high-efficiency steelmaking technology designed to streamline production processes while reducing energy consumption and carbon emissions. The plant is expected to reach an annual production capacity of approximately 1 million tonnes of construction steel and other steel products. Construction activities are scheduled to be completed within two years.

Speaking at the signing ceremony, Federico Rocchetti, Executive Vice President of Technical Sales at Danieli, stated that the project represents the first MIDA Steel plant to be implemented in Europe, positioning Albania directly within the European green steel market.

Danieli emphasized that the selected technology enables lower energy use and minimized emissions, meeting environmental requirements for green steel certification, while also supporting sustainable economic growth in the Elbasan region and contributing to the revitalization of Albanian industry.

“This project is not only an industrial investment but is a clear commitment to sustainable development, technological modernization and long-term value. With the construction of the first MIDA plant in Europe, Albania strengthens its strategic position and will be competitive in a European future that awaits us in the near future,” stated Arif Shkalla, Kurum International's Finance Director.

BoraKadıoğlu
Bora Kadıoğlu
Editor

I graduated from Boğaziçi University with a degree in Translation and Interpreting Studies. I have been working in the iron and steel sector for three years as a content specialist at SteelOrbis, mainly focusing on plant investments, steelmaking technology, and import/export statistics.

Similar articles

Longs prices slowly softening in some EU countries, wire rod imports still competitive

Spanish rebar export offers

BSTDB signs second loan deal with Kurum International Albania

Brazilian steel distributor sales rise in July; stronger purchases push inventories up

US domestic ferrous scrap market could trend soft sideways again in September

US import long steel prices flat even as US supply-related concerns spur imports

US CRC imports up 15.0 percent in June 2026 from May

US exports of plates in coil up 17.9 percent in June 2026 from May

Brazil's July heavy plate exports rise on resumption of sales to US

Turkey's local coated CR prices move in narrow range, slight upticks in export price ideas