03
Jan
09:12
Italy approves rescue funds for Acciaierie d'Italia
With its new decree “Urgent Measures for Strategic National Installations,” the Italian government has approved the injection of €1 billion ($1.06 billion) into troubled steelmaker Acciaierie d’Italia (ADI), the joint venture formerly known as Ilva between ArcelorMittal and state financial body Invitalia, Kallanish learns from the government. A first cash injection of €680 million will be followed by a second €320m instalment. …
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Anonymous
Very good overview of the weekly steel market.
Anonymous