According to the Italian Ministry of Trade and Production, the letter from Brussels stated that the terms of the loan, offered at an interest rate of 11.6 per cent, were appropriate. It emphasised that this loan demonstrates the validity of the industrial plan prepared by the special commissioners and the company's capacity to repay its debt without state aid.
The plant in Taranto has been partially operational for a long time. The emergency management plan submitted in April 2024 envisages an annual production of 6 million tonnes of steel and the construction of two electric arc furnaces by 2027. However, ADI still needs a strong industrial partner and additional resources. The Italian government has allocated an additional EUR 150 million to ADI during this critical period and directed it towards the maintenance of the plant.
Sources stated that the approval of this loan is an important step for the future of the company. The unions, on the other hand, demanded the resumption of negotiations with the government on employment, the restart plan and the additional resources to be provided.
The Italian government is in talks with private investors to secure the future of the company. Multinational companies such as Arvedi, Metinvest and Jindal Steel have expressed interest in investing in ADI. In this process, critical steps are expected to be taken to restructure and modernise the company.
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