ArcelorMittal, Marcegaglia 'would raise Ilva output to 6m tpy by 2020'

The world’s largest steelmaker, ArcelorMittal, and Italian re-roller Marcegaglia have submitted their joint bid to acquire troubled steelmaker Ilva, they said on Thursday June 30.

The consortium, whose makeup is split around 85:15 in favour of ArcelorMittal, plans to increase crude steel production at Ilva’s operations in Italy from current levels of 4.80 million tpy to more than 6 million tpy by 2020, an ArcelorMittal spokesman told Steel First on Thursday.

“Our industrial plan in the first instance centres on the three blast furnaces currently in operation,” Geert Van Poelvoorde,...


Lee Allen

June 30, 2016

16:42 GMT