Italy

Marcegaglia completed the acquisition of the Latvian SIA Severstal Distribution

The company gained control over the SIA SD service center in Riga and subsidiaries of SD Sp.zo.o. in Poland and SD LLC in Ukraine

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Italy increased steel production by 2.6% y/y in March

In the first quarter, Italian steelmakers reduced steel output by 6% y/y

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Italian Feralpi seeks to attract investment for development

Initial public offering is being considered as one of the potential options

The EC approved the acquisition of Marcegaglia by Latvian Severstal Distribution SIA

SD SIA controls the service center in Riga and subsidiary companies SD Sp.zo.o. in Poland and SD OOO in Ukraine

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The Italian Arvedi AST in the 2021/2022 financial year received a profit of €187 million

The company recorded practically stable supplies of stainless steel

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Competition is intensifying in the Italian rolled steel market

Sellers of sheet steel note a reduction in consumption and slow sales

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Italy reduced steel production by 7.3% y/y in February

In January-February, Italian steelmakers reduced steel output by 10.8% y/y

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Italy will present a plan to unblock Ukrainian exports

The Italian government intends to create a logistics platform for Ukraine

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Italy will protect Acciaierie d’Italia with a separate law

Legislators seek to restore the conditions for the development of steel industry

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GFG Alliance acquired Aartee’s Italian assets

This move will allow Liberty Steel to increase its customer base and product range in Italy

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Italy reduced steel output by 14.7% y/y in January 2023

Steel production in the country increased by 22.7% compared to December 2022

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Electricity prices in Europe fell significantly in January 2023

Governments and companies are still forced to act in the face of energy price volatility

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