President Emanuele Morandi and Sales Director Nicola Zamboni review the year

Despite a complex macroeconomic backdrop and a slowdown in the steel market, Morandi Steel will close 2025 on a positive note, having completed all the projects announced in 2024. In response to headwinds and widespread uncertainty, the company has continued along the “servitization” path launched in recent years, maintaining its investments in digitalization and innovation to further improve production, warehouse, and sales processes.

Emanuele Morandi, Presidente

The year now drawing to a close has been particularly challenging for steel companies, as President Emanuele Morandi pointed out: “Economic systems and the entire steel value chain are facing simultaneous, unprecedented structural changes: from escalating trade and military conflicts to rising geopolitical tensions, from demographic decline to the disruptive development of new technologies, and to the continuous, rapid evolution of downstream demand—just to mention the main concerns. And in 2026 we expect an even more complex year.” According to Emanuele Morandi, “if the geopolitical situation in 2025 was ‘potentially explosive’, in the months ahead we foresee greater instability and an increasingly volatile and uncertain market due to energy and logistics costs that remain high or are rising, persistently declining domestic and foreign demand, and fierce competition in the service-center segment.”

For the President of Morandi Steel, competitive advantage will belong to those “who have the courage to focus on new services and process efficiency. It will become essential to invest in key technologies such as ERP, BI and AI, accelerate innovation through collaborations within strategic ecosystems, develop new platforms, and further strengthen group synergies.”

“2025 has been a complex year in many respects. Despite this, we will close the year with around 10,000 tonnes sold, slightly up compared with the previous year. However, due to lower product prices and the resulting increased pressure on margins, we expect revenue to be slightly down, but with EBITDA and cash generation higher than the competitors’ average,” explained Morandi Steel’s Sales Director, Nicola Zamboni. 2025 has therefore proved to be a year of “transition for Morandi Steel as well, without ever stopping investments.” Accordingly, with a view to continuing to expand and enhance the range of services offered, the company has added “some surface treatments—such as sandblasting, galvanizing and painting” alongside its laser processing.

Looking ahead to 2026, Nicola Zamboni expects “growth in the order book, also thanks to a number of contracts finalized in the last months of 2025.” Next year could mark the beginning of a recovery, although the first months will be shaped by a certain “wait for the CBAM to fully come into force and for the definition of the new measures replacing the current EU Safeguard, extending the current situation of regulatory uncertainty at least through the first two quarters. However, we are confident that once they are operational, they can provide fresh momentum for the European market and push prices upward, increasing both revenue and margins,” Zamboni noted.

Next year Morandi Steel will aim to further broaden its range of services “to respond to increasingly demanding customer requirements and identify new market niches to target.” In addition, in 2026 the company also plans to redesign its warehouse layout to accommodate a new “fully automated and innovative cutting system,” the Sales Director emphasized. Finally, among other objectives, “after a 2025 in which we succeeded in expanding our sales network, in the coming months we aim to extend our commercial presence across the entire national territory in a widespread manner.”