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Italian government rejects ArcelorMittal plan for Ilva

Christian Fernsby |
The Italian government has rejected the new industrial plan presented by ArcelorMittal Italia for the Taranto based steelmaker formerly known as llva.

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Economic development minister Stefano Patuanelli said "The proposal presented by ArcelorMittal is unacceptable because it impacts both employment levels and the investment plan, extending the time period excessively.

Over time, we understood that the abolition of the criminal immunity was a pretext to return the plants.

The Taranto factory cannot be used like an accordion, that is, when things are good it produces and when things are not good production is reduced - also because ArcelorMittal does not have Taranto as its only plant.

Italian economy minister Roberto Gualtieri judged the plan to be inadequate.

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