ArcelorMittal confirms Italian arm raises concern with govt for legal safeguard


ArcelorMittal confirms Italian arm raises concern with govt for legal safeguard

Global steel giant ArcelorMittal confirmed Wednesday that its Italian arm AMI has raised concerns with the government about the Crescita law decree which removes the existing legal safeguards to operate the facility. The law decree is expected to be ratified into law by June 29.

“ArcelorMittal Italia (AMI) has highlighted to the Italian government its concerns about the current text of the Crescita law decree. If ratified as currently drafted, the provision concerning the Taranto plant would impair an operator’s ability to operate the plant while implementing the environmental plan approved by the Italian Government in September 2017, including for ArcelorMittal,” the company said in a statement. The Taranto plant has been under seizure since 2012 and cannot be operated without legal protection until the environmental plan is implemented, the world’s largest steelmaker said.

The company said the 2017 environmental plan is designed to address the Taranto plant’s long-standing issues and transform it into a state-of-the-art European steel facility by applying best available techniques Read More

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