You are here: Home > Steel News > Latest Steel News > Procedures...

Procedures for allocating Acciaierie d’Italia’s plants to begin by end of July

Wednesday, 24 July 2024 15:08:51 (GMT+3)   |   Brescia
       

According to a statement by the Italian minister of business and made in Italy Adolfo Urso, the procedures for allocation the plants of Italian steelmaker Acciaierie d’Italia should start by the end of the current month of July.

Some major players in the steel industry had already shown some interest in the acquisition of the plants in question, which they have visited and inspected.

“The restoration plan is succeeding,” said minister Urso. “This autumn we will already have two fully functioning blast furnaces in Taranto, and a third one by next year. In 2025, we will be able to produce up to six million mt of steel,” he added. Moreover, the minister and Acciaierie d’Italia’s commissioners will meet national unions today to discuss the industrial and financial plan, as well as the procedures for allocating the plants.


Similar articles

Local Italian scrap prices fall during summer holidays, negative outlook for September

06 Sep | Scrap & Raw Materials

Italy’s crude steel production continues to decline in July

04 Sep | Steel News

HRC market remains calm in EU, price uptrend still hardly visible

29 Aug | Flats and Slab

Italy’s Pittini invests €63.5 million in Ferriere Nord and Acciaierie di Verona plants’ efficiency

28 Aug | Steel News

Slack trade activity in EU HRC market due to holiday season

08 Aug | Flats and Slab

Unchanged situation in local Italian scrap market

02 Aug | Scrap & Raw Materials

Acciaierie d’Italia to restart fully by 2026, several firms show interest in acquisition

01 Aug | Steel News

General range unchanged for local Italian scrap prices

26 Jul | Scrap & Raw Materials

HRC prices in Europe stable amid slow demand, buyers doubt sustainability of expected rises for October delivery

25 Jul | Flats and Slab

WWF and University of Trieste hypothesize three scenarios to decarbonize Italian steelmaking

25 Jul | Steel News