The Italian government has rejected a new industrial plan presented by ArcelorMittal Italia for a steel company in Taranto, formerly known as llva. Economic Development Minister Stefano Patuanelli said: “The proposal presented by ArcelorMittal is unacceptable as it affects both employment and the investment plan, excessively extending the recovery period. Over time, we realized that the lifting of criminal immunity was a pretext for returning the plants. The Taranto factory cannot be selectively used, that is, when things go well and when things go wrong, production is cut – also because ArcelorMittal is not the only plant in Taranto.
Italian Economy Minister Roberto Gualtieri considered this plan inadequate. He said: “It is obvious that Covid exists, and therefore it is legal, compared to the previously determined schedule, to take into account such an event, but it is equally true that this plan goes far beyond simply adapting the previous plan to In addition, the new plan does not take into account the fact that at the European and national level there is a strong investment push that will create demand for steel. The Italian government stands ready to consider the impact of Covid-19 when determining a proposal on the table. However, we are talking about something very far from what was presented to us. ”
The new industrial plan presented by ArcelorMittal foresees a total of about 5,000 reductions and an annual production of 6 million tonnes of steel until at least 2025. In addition, it entails the postponement of environmental investments and the request for funding and public resources. The company explained all this by announcing a sharp deterioration in outlook following the Covid-19 emergency.