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31 Jan
12:51

Italian state pays first Acciaierie d'Italia grant instalment

The Italian finance ministry (Mef) has officially authorised the payment of €680 million ($736m) to Acciaierie d’Italia (ADI), the joint venture between state company Invitalia and ArcelorMittal. This follows a meeting earlier this week at the industrial association headquarters of Confindustria in Rome between ADI unions and management. The company confirmed its forecast of producing at least 4 million tonnes at its Taranto steelworks in 2023, with the…
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