ArcelorMittal, Marcegaglia submit offer for Italy’s Ilva steelworks

Steelmaker ArcelorMittal and re-roller Marcegaglia submitted an offer for Ilva’s giant steel mill at Taranto in southern Italy on Monday March 6, ArcelorMittal has said.

“We believe that the ArcelorMittal and Marcegaglia consortium is the best partner for Ilva,” ArcelorMittal chairman and ceo Lakshmi Mittal said.
“Our managers and engineers have been studying the company for some years and well understand what needs to be done to turn around the [plant’s] performance and ensure a strong, safe and sustainable future for the employees of Ilva and the people of Taranto,” he added.

“We are confident that we have the right industrial plan, the right environmental plan and the right commercial plan to support the transformation of Ilva into a company that will once again be...

Published

Maria Tanatar

March 06, 2017

19:04 GMT

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