ArcelorMittal Italia postpones idling of Taranto equipment

Flat steel producer ArcelorMittal Italia has halted planned equipment shutdowns at its Taranto steelmaking facility in southern Italy, after a court hearing on the future of the plant was scheduled for November 27.

Having served notice of its intention to abandon the acquisition of the former Ilva assets - after the Italian authorities removed the legal protections necessary for ArcelorMittal to implement its environmental plan without the risk of criminal liability - the company had planned to start idling blast furnace No2 in mid December before commencing the shutdown of all other equipment in the...

Published

Maria Tanatar

November 20, 2019

16:30 GMT

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