Dear readers,

We are pleased to present Padana Tubi’s 2025 Sustainability Report.

This report marks the continuation of our journey in reporting on environmental, social and corporate governance impacts, a journey that began fve years ago.

Geopolitical events and regulatory measuresThese factors infuenced global economic trends during the year, with a range of effects on the steel industry.

The start of the new Trump administration in the United States led frst to the reintroduction, without any exemptions, of 25% tariffs on imported steel and, shortly afterwards, to an increase to 50%, which remains in force today.

In March, the European Union presented its long-awaited ‘Action Plan on Steel and Metals’, setting out a number of guidelines for the revitalisation of the steel industry, which is regarded as a strategic sector for the continent.

The plan is based on a number of key issues: access to sustainable and competitive energy sources; the CBAM mechanism to combat ‘carbon leakage’; a review of safeguard quotas to protect against imports from third countries; the promotion of the circular economy and scrap-based processes; economic incentives for decarbonisation projects; and the protection of jobs. Although the plan is commendable in principle, it still lacks concrete and effective measures.

Also in early 2025, the European Commission adopted the Omnibus Package, which contains a number of regulatory amendments to the CSRD (Corporate Sustainability Reporting Directive) and CSDDD (Corporate Sustainability Due Diligence Directive) and provides for a postponement of their implementation.

Following these changes and their transposition into Italian law, Padana Tubi falls outside the scope of entities required to report on ESG matters.

Nevertheless, recognising the strategic importance of these issues and with a view to ensuring transparent communication with our stakeholders, we have decided not to discontinue the publication of this report, in accordance with GRI standards.

The CBAM legislation, which came into full force at the start of 2026, whilst commendable for its aim of promoting low-impact technologies, is not only complex in terms of its administrative implications but also lacks operational regulations; there is a lack of clarity regarding the actual costs that importers will face, and it appears to lack the supply-chain perspective that would be necessary for the measure to be truly effective.

The mechanism also applies to welded tubes (as well as coils) may, however, provide protection for our own production too.

From a strictly business perspective, you will read that, during the year, the company decided to expand its plant on Via Roncaglio by approximately 8,000 square metres in order to increase its storage capacity for carbon steel products. The administrative process required to start the building works should be completed in 2026.

Work has also begun on modernising and replacing some coil-cutting lines, with the usual focus on improving safety standards.

In the new stainless steel production warehouse, the installation of the plant has been completed; both the cutting line and the profling line have passed their initial start-up tests, and their output is expected to stabilise gradually during 2026.

Existing organisational and product certifcations, such as ISO 9001, ISO 45001, ISO 14001, ISO 14064 and EPDs for all product families, have been renewed and maintained, and ISO 50001 certifcation for energy effciency has been obtained.

We continue to place a high priority on workers’ health and safety, with a view to continuous improvement and as part of specifc company initiatives, which we outline in detail below.

In the 2025 fnancial year too, the company achieved fnancial results of the highest calibre, which serve as a numerical illustration of the long-term sustainability of its economic, social and environmental model, as well as the value of its relationships.

We welcome any suggestions you may have, and we hope you enjoy reading these pages.

                           Alfieri Family