24
Mar
11:08
Italian government tells ArcelorMittal funds will come
The Italian government is actively working to authorise as soon as possible the payment of the first instalment of €400 million ($472m) towards the relaunch of the Taranto steelworks, says state investment vehicle Invitalia.
This comes in response to ArcelorMittal’s announcement this week of further production cuts at the Taranto site following Invitalia’s failure to provide funds within the agreed timeline (see Kallanish 23 March).
ArcelorMittal…
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Very good overview of the weekly steel market.
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