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20 Jun

Italy allocates Taranto DRI plant, new investor funds

The Italian government has set aside approximately €1 billion ($1.07 billion) from the country’s development fund for a direct reduced iron plant at Acciaierie d’Italia (ADI)’s Taranto steelworks, Minister of Enterprises and Made in Italy Adolfo Urso said at a parliamentary hearing this week, followed by Kallanish. Authorities will also provide support amounting to €700 million to whichever company acquires ADI’s production equipm…
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