ArcelorMittal Italia starts looking for an alternative port dock

Friday, 19 July 2019 16:46:04 (GMT+3)   |   Brescia

ArcelorMittal Italy, Italian subsidiary of global steel giant ArcelorMittal, has announced that it will verify the possibility of also using docks outside its steel plant in Taranto for the supply of raw materials. The need to identify alternatives derives from the fact that, of its four docks, only the one seized by court order after the death of a crane operator has sufficient depth to allow the mooring of large ships. According to press sources, ArcelorMittal is thinking of using the dock of Taranto-based company Italcave as a new landing point.

The company spoke of these possibilities during a meeting with local unions held on Thursday, July 18. ArcelorMittal Italia is facing several issues at the moment, such as: the implementation of its environmental plan, the seizure of its blast furnace No. 2 (which according to a court decision does not comply with operational safety standards), the seizure of pier No. 4 (after the death of a worker last week), and the fact that with the Crescita law decree entering into force on September 6, the company will be deprived of its immunity from penal proceedings concerning pollution. This situation could lead to price increase announcements in the coming weeks, according to sources, even though flat steel demand remains lackluster in Italy and in the rest of Europe.


Most Recent Related Articles

Local Chinese pig iron prices in China - week 4

Samancor Chrome plans to retrench staff amid tough business conditions

Ex-CIS billet prices under pressure from weak demand, negative sentiment in scrap

Short sea scrap price down sharply in fresh deals to Turkey