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28 Apr
16:45

Italy's ArcelorMittal Taranto steelworks restarts blast furnace

ArcelorMittal's Italian subsidiary is to restart blast furnace No 4. at the Taranto steelworks in June, a company representative tells Kallanish. Acciaierie d’Italia, the new joint venture between ArcelorMittal and the state-owned Invitalia, is boosting output amidst concerns over the current short supply of coils. This month ArcelorMittal has received the first €400 million ($483m) of new equity from Invitalia. The €400m investment from Italia…
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