Steel Mills
July 1, 2016
ArcelorMittal Bidding for Italian Steel Mill Ilva
Written by Sandy Williams
ArcelorMittal has made a joint bid with Marcegaglia SpA to purchase Italian steel plant Ilva. In an announcement on June 30, the consortium outlined their plans to bring the troubled mill up to environmental standards and increase production.
If successful in it its bid, ArcelorMittal plans to return the three blast furnaces at the plant to profitability and raise the crude steel output to 6 million tonnes from 4.8 million tonnes by 2020. ArcelorMittal also plans to introduce new steel grades to increase the proportion of high value-added steel products in Ilva’s mix.
