Steel Mills
November 28, 2014
ArcelorMittal Submits Bid for Ilva Steel
Written by Sandy Williams
ArcelorMittal and Italian steel processor Marcegaglia have submitted a non-binding, 30-day deadline offer for troubled Italian steel plant Ilva.
Ilva, a privately owned company by Riva Steel, has been under special administration since last year after a court order temporarily shut down a portion of the plant for environmental violations. Toxic factory emissions were found to contribute to a high mortality rate from cancer and respiratory disease in the Taranto region.
