Italy

Three industrial companies from Italy are partners of the European HyTecHeat project

Hydrogen will be used for the production of direct reduction iron and decarbonization of the country's steel industry

The government does not seek to nationalize the enterprise, the authorities are looking closely at private investors

The production of graded rolled products increased by 9.9% y/y, and flat – by 5% y/y.

ArcelorMittal is protesting against the Italian government's decision to introduce emergency administration

Currently, the enterprise's warehouse stocks reach 1 million tons of raw materials and finished products

The group also announced the acquisition of a company operating in the field of renewable energy production

The scheme is designed to support investments in the use of hydrogen in industrial processes

Italian importers are worried about the economic consequences of the implementation of the mechanism in 2026

The closing of the deal is expected in the coming months

According to trade unions, the company is shutting down another blast furnace at the plant in Taranto

The export of steel products for the month decreased by 2.6% y/y