Government crisis in Italy clouds arcelorMittal Italia’s future again

摘要

New political uncertainty in Italy after prime minister Conte’s resignation announcement may nullify all the painstaking work done by ArcelorMittal to come to an agreement with the government over the future of the former Ilva plant.The management and workers of ArcelorMittal never got a chance to breathe freely after the gentleman agreement was reached on the immunity issue for the producer to keep operating normally and continue with the industrial and environmental plan. Another political turmoil in Italy is threatening the future of the producer because it is unclear when and whether or not at all the new ruling forces will agree to proceed with the agreements reached with the acting government. Sources in the market are calling the current uncertainty the worst situation for the Taranto works. “The collapse of the government just adds a headache for Arce-lorMittal,” a source in the local market told Metal Expert.