Biggest European steel equipment producer Danieli leaving Russian market

Danieli, one of the leading European and global producers of steel equipment, has decided to cease operations in Russia, according to GMK Center, Report informs referring to Siderweb publication.

A representative of the media, who was present at the Steel and Identification conference in Italy, interviewed the Chairman of Danieli Group, Gianpietro Benedetti, and he noted that the exit from the Russian market has become inevitable in the current situation.

“The evolution of geopolitical scenarios has led us to understand that commercial relations and presence on the Russian market in its current state are no longer possible. Therefore, we decided to sell our company in this territory,” said the top manager.

According to him, Danieli has already formed a good list of interested buyers.