ArcelorMittal Italia will end this year with production of 4.5 million mt due to difficult overall market conditions, former AM Italia CEO Matthieu Jehl confirmed during testimony to the Italian government.
ArcelorMittal originally wanted to produce 6 million mt of crude steel at the Italian mill this year and then, due to the challenging market conditions, targeted 4.5-5.0 million mt.
In his last testimony as CEO, Jehl explained the work done so far, stressing in particular how since 2018 the market has changed with European steelmakers under pressure due to very low demand from the automotive sector as well as higher imports — a consequence of the US Section 232 tariffs.
The former CEO also outlined the importance of having a fair playing field for European steel mills and in particular he called for a carbon border adjustment levy to keep European producers competitive.
During the 1.5 hour presentation alongside AM Italia’s new CEO, Lucia Morselli, Jehl confirmed ArcelorMittal’s commitment to AM Italia, underscoring that the company has spent Eur200 million on its environmental program. He said there are 76 projects in progress under the environmental plan, valued at Eur1.15 billlion.
— Annalisa Villa