29
Aug
14:06
Ilva finances under pressure, unions ready to strike
The finances of the troubled Italian steelmaker are highly under pressure, as the uncertainty continues to dominate the debate surrounding the acquisition of the company by ArcelorMittal, Kallanish notes.
Italian authorities have confirmed during recent months that Ilva is losing almost €1 million/day ($1.17m/d). It is calculated that the remaining €24m currently in the company’s bank is set torun out by end of September. This mean…
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Anonymous
Very good overview of the weekly steel market.
Anonymous