Acciaierie d’Italia revives shipping fleet, Marcegaglia shows interest

Acciaierie d’Italia (ADI)’s special administration is resuming logistics operations and investing in the rehabilitation of the company’s shipping fleet. The goal is to improve the efficiency, reliability, and competitiveness of the steelmaker’s activities on the national and international markets, Kallanish learns from the company.

A mission to restore the most strategic ships has begun, with the Gemma vessel resuming navigation and commercial activity earlier this week. The ship had been stranded in Singapore for more than three years, since 2020. “Due to a lack of maintenance and expired class certificates, all five ships in the fleet, as well as the eight floating units, were both stationary and inactive. We quickly implemented a focused recovery plan, prioritising strategic units,” Angelo Colucci, ADI director of logistics, supply chain and maritime services, says in a note.

While other vessels are undergoing maintenance, the fleet’s flagship, the 30,000-tonne Ursa Minor, will set sail again this week. It will transport finished and semi-finished products, including coil, from Taranto to ADI’s northern Italian facilities via the port of Genoa.

Meanwhile, earlier this summer, representatives from trading company Steel Mont, Metinvest, Oman-based Vulcan Green Steel (VGS), and Canada’s Stelco conducted visits with a view to acquiring ADI’s mills in Genova, Novi Ligure, and Taranto. Marcegaglia, the Italian steelmaker and re-roller, has recently shown interest in participating in the race and may submit a letter of interest by 20 September, the submission deadline. According to an informed source, the re-roller may only be interested in parts of ADI’s assets, specifically the tube mills and one of the northern Italian re-rolling plants.

Unions are insisting the government keeps a shareholding in Acciaierie d’Italia to guarantee the steelmaker’s correct management. “This concrete monitoring activity is essential to avoid what happened in the past with ArcelorMittal, which was able to act undisturbed, in violation of agreements and rules, precisely because of an almost absent state,” the USB unions note.

ADI aims to produce between 1.9-2.2 million tonnes of steel this year. Based on the most recent update of the relaunch plan communicated to workers, the special commissioners have set a target to restart blast furnace No.1 in October. In 2025, around January or February, BF No.2 will also be restarted. Production will be assured by BFs Nos.1, 2, and 4 by the first quarter of 2026. In 2025, the plant is projected to reach a capacity of 4.5-5m t/y.

Taranto is currently utilising BF. No 4 for operations. BF. No.5 has been inactive for a number of years, while Nos.1 and 2 ceased production a few months ago.

Natalia Capra France

kallanish.com