# Jindal and Arvedi Submit Final Bids for Ex Ilva Steelworks Two major industrial players compete to revitalize the struggling Italian steel plant. - **Source:** [Rai News](https://www.rainews.it) - **Published:** 2026-11-09 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/b8019771-4ac3-4bf0-9772-1fcb865d23af ## Bidding Process Reaches Climax The sale of the former Ilva steelworks has entered a critical phase as commissioners received formal bids from Jindal and the Italian group Arvedi. This follows a July 2024 tender launch and multiple deadline extensions. The American private equity firm Flacks Group withdrew from the process after requesting a meeting with Prime Minister Giorgia Meloni. ## Arvedi's Independent Strategic Shift Arvedi decided to break away from the Federacciai consortium to submit a solo proposal. Founder Giovanni Arvedi emphasized that the bid remains conditional on strong support from local institutions and the Taranto population. His plan focuses on installing two electric furnaces using the proprietary Endless Strip Production technology to streamline steel manufacturing processes. ## Jindal's Return to Negotiations The Indian conglomerate Jindal, which previously participated in the initial tender, has updated its proposal to account for the shutdown of the hot area. The company has expressed confidence in its ability to implement electric furnace technology. Jindal remains interested in the entire perimeter of the former Ilva facility for its operations. ## Operational Status and Shutdown Production at the site is currently halted following a Court of Cassation ruling that confirmed the Milan Court of Appeal's decision to stop the hot area. Maurizio Saitta, general manager of Acciaierie d'Italia, confirmed that all furnaces are now off. This transition necessitates a significant reduction in the required workforce for future operations. ## Labor Crisis and Redundancies The company has requested extraordinary redundancy payments for up to 8,622 workers, a sharp increase from the current 4,450 employees. With the hot area inactive, estimates suggest only 2,000 workers will be needed to operate the remaining facilities. The Ministry of Labor is currently reviewing these requests alongside ongoing discussions with trade unions. ## Union Demands for Clarity Trade unions including Fim, Fiom, and Uilm have demanded an immediate meeting at Palazzo Chigi to evaluate the industrial plans. They argue that understanding the specific contents of the bids is essential for job security. Meanwhile, the Usb union emphasizes that the state must define a clear national industrial project for steel. ## Federacciai's Stance on Collaboration Antonio Gozzi, president of Federacciai, defended the consortium's previous efforts as an act of national responsibility. Despite Arvedi's departure, Gozzi noted that other companies remain willing to collaborate on supply chain continuity. Some firms are already committed to providing slabs, ensuring that the consortium's work maintains some relevance for the sector. ## Next Steps for Government The government and social partners are scheduled to meet in mid-November to discuss the next steps following the bid submissions. Officials are exploring decarbonization strategies and potential partnerships with large public companies and Rheinmetall. The focus remains on balancing environmental goals with the urgent need to stabilize the national steel industry. ## Sources covering this story - [Source — Jindal and Arvedi Submit Bids for Ex Ilva Steelworks](https://www.rainews.it/articoli/2026/11/ex-ilva-le-offerte-di-jindal-e-arvedi-aprono-la-fase-decisiva-eb3bc35c-2fd5-48f8-b0a7-65086e71b7e0.html) - [Il Fatto Quotidiano — Ex Ilva Steel Plant Sale Deadline Approaches Amid Investor Withdrawals](https://www.ilfattoquotidiano.it/2026/11/08/ex-ilva-gara-offerte-vincolanti-notizie/8565030/) - [Source — Arvedi and Jindal Submit Bids for Ex Ilva Steelworks](https://www.rainews.it/video/2026/11/ex-ilva-corsa-a-due-per-il-futuro-dellacciaieria-offerte-sul-tavolo-da-arvedi-e-jindal-ce59ebb1-3a89-49ab-8aa3-29d5f4c127c2.html) --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._