Ilva's total closure would be "very positive" for the European market and ArcelorMittal, says Deutsche Bank

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In the event that ArcelorMittal, in the end, really did not follow the purchase of the former Ilva plant in Taranto, the European steel market would benefit enormously. The abatement of the overall production capacity would be 5-6 per cent, a metaphorical breath of oxygen, able to rebalance a sector in which production has fallen by 3 per cent in the last nine months, exposed to the trade war between the United States and China and closely linked to the crisis in the automotive sector.



Source link
https://www.ilfoglio.it/economia/2019/11/08/news/la-chiusura-totale-dell-ilva-sarebbe-molto-positiva-per-il-mercato-europeo-e-arcelormittal-dice-la-deutsche-bank-285793/

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