Acciaierie d’Italia (ADI)’s commissioners aim to produce 3.5 million tonnes of steel in 2025, with output progressively increasing following the reopening of BF no.2, Kallanish learns from market sources close to the company.
They have requested Italy’s labour minister extend the temporary layoffs for an additional 12 months, commencing in March, affecting a total of 3,420 workers, with 2,955 of those at the Taranto steelworks.
The document submitted to the labour ministry, the unions and the enterprises and made in Italy ministry (MIMT) says that Taranto produced 2mt in 2024.
Currently, Taranto is functioning with blast furnaces no.1 and 4, achieving a production rate of 8,000 t/day. This indicates a slower production rate, as Taranto has the capability to produce approximately 20,000 t/day at full capacity.
The document claims that present production levels are insufficient to ensure a sound cost-profit ratio.
The deadline for reviewing the binding offers for ADI is set for 14 February.
Only three proposals have expressed interest in acquiring ADI’s assets as a whole. These were American investment fund Bedrock Industries Management, Jindal Steel International, and a consortium comprising Baku Steel Company CJSC and Azerbaijan Investment Company OJSC.
ADI’s facilities in northern Italy were the subject of seven proposals. These include a consortium established by CAR Segnaletica Stradale Srl, Monge, Trans Isole Srl, and Eusider SpA, alongside another consortium that includes Eusider, Marcegaglia, Profilmec, and I.M.C.
A third consortium, comprising Marcegaglia, Sideralba, and Vitali, has reportedly submitted a bid for the tube re-rolling plant situated in Salerno. These suitors are not interested in the Taranto steelworks (see Kallanish passim).
Natalia Capra France