Italy - Latest news GMK Center

The production of rolled products decreased by 11% y/y, and flat – by 14.2% y/y

The Italian Parliament approved a proposal obliging the government to cooperate with Brussels

The new procedure is experimental and will avoid additional duties

The justification for the lack of cost-effective alternatives is not entirely true

The steel plant will use iron ore raw materials from Ukraine

The financial guarantee for the transaction was provided by the Sace Group, controlled by the Italian Ministry of Economy

The government is also seeking to speed up a bridge loan for the troubled steelmaker

Long products production grew by 30.8% m/m over the month, while flat products production fell by 14.6% m/m.

Hydra project aims to stimulate steel production using 100% hydrogen fuel

Inventory of equipment at the Taranto plant will begin shortly

The total amount of investment in the project will be €10 million

The export of steel products for the year amounted to 2.03 million tons