Coronavirus: Mittal leaves the former Ilva in silence. The state is asking for 1 billion
The Coronavirus emergency gives Italy no respite. The economy is in crisis, companies are struggling to recover after the lockdown. Among the sectors in great difficulty there are also the steel mills, first of all Arcelor Mittal, the former Ilva of Taranto and according to what the Daily Fact writes, the Indians are taking advantage of the situation to leave. The French-Indian multinational, in extraordinary administration, after buying the company and then tearing up the sales contract last fall and is now only a tenant. “The Indians are as if they did not exist – authoritative government sources explain to the Fact – European managers do not even answer the phone anymore. Now the executive aims only to snatch an adequate amount for compensation, it leans to 1 billion, but the road seems uphill.
The Germans also announce the sale of Special Steel, Arvedi has closed the blast furnace in Trieste and the former Lucchini is having a hard time starting again: in the midst of the health emergency, there are several signs of a crisis in Italian steel, already in difficulty before Covid. The leader of the metalworkers of Uil Palombella: “The situation is becoming unmanageable and we are in danger of divestment in a flurry. The executive beats a blow or the workers will make themselves heard”.