The emergency Administration of Acciaierie d'Italia, the operator of the former Ilva steel mill, explained that the temporary shutdown of its steelmaking facilities, starting with hot production at the Taranto plant, is the result of judicial restrictions, as well as operational and financial difficulties that do not allow production to continue outside the plant. the 25th of October. The shutdown will also affect the company's plants in Genoa and Novi Ligure, which depend on steel supplies from Taranto.
in a statement released on Saturday, October 10, the extraordinary administration explained that the shutdown process stems from the Milan court decision on July 27, and the subsequent 90-day deadline set by the Milan Court of Appeal. According to the company, the demands made by the court could not be fulfilled in due time, which prompted it to file a lawsuit in court. two appeals in an attempt to save the proceedings. The latest appeal, aimed at keeping the blast furnaces in hot standby mode at least until the Supreme Court of Cassation issues its decision, was rejected in October. 5.
Problems with the supply of raw materials threaten production processes in the future.
In addition to the judicial restrictions, the company pointed out the difficulties associated with the purchase of raw materials. With a deadline of October 25, further purchases in the near future may result in inventory not being able to be processed during the permitted operating period, leading to costs that the emergency administration believes creditors involved in the production will not be able to bear. The suspension of production in Taranto will also directly affect plants in Genoa and Novi Ligura, which do not have independent hot-rolled workshops and depend on steel supplies from the south of the country. The site is in Italy. According to ADI, purchasing slabs and rolls on the international market is not an immediate solution, as delivery times can take several months. In addition, any alternative supplies must meet the quality requirements required by the company's customers.
All eyes on October 20th. Суда
As previously reported by SteelOrbis, the prospect of shutting down Taranto's hot operations has caused serious concern among representatives of the Italian steel industry. In particular, the Italian association of metal distributors Assofermet warned that the constant reduction of domestic steelmaking capacity could increase the country's dependence on imports against the background of stricter restrictions on steel trade in ЕС.
The Emergency Administration has confirmed that it has examined all available options to avoid suspended production, but could not find a solution compatible with the existing restrictions. Now attention is shifting to the hearings in the Supreme Court of Cassation, scheduled for October 20, and the company hopes for a decision that could prevent the final closure of its enterprises.
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