Business · Companies · 1 day ago

Ex Ilva halts production as court orders and raw-material shortages bite

Ex Ilva halts production as court orders and raw-material shortages bite

Acciaierie d’Italia, the company formerly known as Ilva, is gradually stopping production at its Taranto steelworks in southern Italy.

It says court orders and a lack of raw materials have made continued production impossible.

A Milan court ordered the hot-production area to close within 90 days, with requirements to reduce fine-particle emissions and remove asbestos from parts of the blast furnaces.

The company says it could not meet those requirements within the time allowed.

It has already stopped the ore-preparation plant and steelworks 2, and placed blast furnace 2 in a heated standby state.

Two requests to keep operating were rejected by the Milan Court of Appeal.

Italy’s Court of Cassation is due to hear appeals on 20 October, while plants in Liguria that rely on supplies from Taranto are expected to stop by mid-November.

Sources

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