AM Italia to continue operating following new decree

ArcelorMittal said it will continue operations at ArcelorMittal Italia beyond September 6 while continuing to monitor legal, regulatory and operational issues following the publication Wednesday of a decree adopted by the new Italian government concerning environmental liabilities.

The amendment to the so-called Crescita decree, which had removed legal protection pending the implementation of the environmental plan for the Taranto plant, was published in the Italian Official Journal.

Following its publication, the decree came into immediate force, although its permanence is subject to ratification by the Italian Parliament within 60 days.

As previously reported, ArcelorMittal threatened to shut down its plant in Taranto unless legal immunity from the environmental problems of the former owner, which ends September 6, was extended.

— Annalisa Villa