10,082.77 TRY BIST 100 BIST 100
4.50 CNY CNY CNY
34.71 EUR EUR EUR
32.40 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
44.34 TRY Interest Interest
88.24 USD Fossil Oil Fossil Oil
26.78 USD Silver Silver
4.59 USD Copper Copper
118.51 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,427.31 TRY Gold (gr) Gold (gr)

Acciaierie d'Italia facility is in the process of closure

Italy's leading steel producer Acciaierie d'Italia has announced the closure of its facility in Italy.

Acciaierie d'Italia facility is in the process of closure

At the beginning of 2023, Acciaierie d'Italia, which had three blast furnaces active at its facilities in Italy, decided to shut down DP furnace No. 1 in August. In September 2023, Acciaierie d'Italia (ADI), in a meeting with the government, stated that the facility in the country was experiencing a dangerous phase of decline that was rapidly moving towards closure.

However, in response to this situation, the company decided to cease operations at DP furnace No. 2 in January 2024. The plant includes only blast furnace No. 4, which currently has a throughput of about 1 million tonnes per year.

While ArcelorMittal stated that it refused to co-operate, the Italian government stated that they are ready to invest 2 billion Euros to prevent the closure of ADI plants.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Emirates Steel Arkan holds rebar prices steady

Tuesday, April 30, 2024

European rebar market fluctuates

Monday, April 29, 2024

Steel markets remain sluggish: Financial constraints and supply-demand imbalance impact

Monday, April 29, 2024

Allegation of VAT investigation on China's HRC exports

Monday, April 29, 2024

Kazakh delegation explores trade and cooperation opportunities in Afghanistan

Monday, April 29, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now