ArcelorMittal Italia will continue the operation of the Taranto plant

ArcelorMittal celebrates the publication in the Official Journal of Italy of a decree issued by the Italian government. This decree-law amends the so-called Cresquita law, which removed legal protections pending the implementation of an environmental plan for the Taranto plant. Once published, the law takes effect immediately, although its duration is subject to ratification by the Italian parliament within 60 days.

As a result of this development, ArcelorMittal Italia will continue to operate beyond September 6, while continuing to closely monitor developments in legislation, regulatory and operational issues related to the Taranto plant in terms of its continued viability, the statement said.