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Previous: POSCO Launches Innovilt Steel Brand
Nationalizing Ilva Would Cause Trouble with EU
Release time：Nov 14, 2019 From：admin
Italy’s Deputy Economy Minister Mr Antonio Misiani said that nationalizing the troubled Ilva steel plant would create problems with the European Commission, and the government should work on a market solution if ArcelorMittal pulls out of a contract to take over the site. Mr Misiani said in a radio interview with RAI “Nationalization would create problems with the European Commission...we have to look for a market solution.”
ArcelorMittal said last week it was withdrawing from a 2018 deal to acquire Ilva’s site in the southern city of Taranto, blaming its decision on a government move to scrap immunity from prosecution over environmental damage in the area.
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