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ArcelorMittal Row With Italy Heats Up In Dispute Over Plant

Summary by Bloomberg
(Bloomberg) -- 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. The company h…

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Bloomberg broke the news in United States on Tuesday, February 20, 2024.
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