ArcelorMittal

The Italian government is considering options to save the former ILva

The first phase of the project will be completed by 2026

The venture was suspended in November 2023 due to a weak market

The company relies on limited import opportunities and a low supply of products on the domestic market

The steel corporation rejected the government's plan to acquire a controlling stake in ADI

During the pandemic, blast furnace and steel production in Krakow was closed, and from 2024 the coke battery at this enterprise will be decommissioned

The company has already produced the first biochar for use in a blast furnace

The team was introduced to a new investor who took on production and social obligations

The new investor will be Allur Group, headed by Andrii Lavrentiev

In 2022, the company took second place in the ranking of global steel producers. In 2023, Chinese companies are likely to displace ArcelorMittal into third place

The decision is due to weak demand and infrastructure problems

Construction work at the Gijón plant will begin in early 2024, led by the engineering company Sarralle