ArcelorMittal Says Italy Broke Deal in Plant Administration Move

02/20/2024 06:14
ArcelorMittal Says Italy Broke Deal in Plant Administration Move

ArcelorMittal SA is protesting the Italian government’s move to put the country’s biggest steel mill under special administration, saying it may be in breach of an agreement.

ArcelorMittal SA is protesting the Italian government’s move to put the country’s biggest steel mill under special administration, saying it may be in breach of an agreement.

Luxembourg-based ArcelorMittal was not informed of a decision by state investment unit Invitalia to file a request for special administration for the Acciaierie d’Italia SpA works, according to a letter from the steelmaker seen by Bloomberg News.

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