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Italian steel magnate Mr Fabio Riva arrested in Ilva case in Italy after extradition from UK

Italy’s financial police have arrested the former CEO of steel maker Ilva after he was extradited from Britain on charges he committed crimes against the environment and fraud at Europe’s biggest factory by output capacity. Mr Fabio Riva was taken ...

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Landmark week for Italian steel sector

Week 49 shall be remembered by Italian steel sector players as historic period with significant progress happening on resolution of long lasting troubles of three major steel mills – Ilva, Lucchini and AST Terni 1. Italian government has given the ...

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ArcelorMittal and Marcegaglia submit offer for Italy’s Ilva plant

ArcelorMittal has finally submitted a non binding offer with Italian steel processor Marcegaglia for Italy’s Ilva steel plant The report quoted a ArcelorMittal spokeswoman as saying that “We have submitted a non binding offer to acquire all of Ilva’s operations. ...

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Russia’s Evraz to keep Italian steel mill idle for the next 12 mo

Russian steelmaker Evraz will keep its plate mill in Italy idle for the next twelve months due to deteriorating market conditions, chief executive Alexander Frolov said on Monday. Work at Evraz Palini e Bertoli SpA, a unit of the Russian ...

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Italian steel workers block motorway in protest at job cuts

Euro News reported that Employees at Italy’s largest stainless steel plant blocked the motorway between Milan and Naples for several hours on Thursday. The A1 is the most important main road in Italy. Workers are angry at plans by German ...

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