Union seeks explanation for Taranto plant’s failure to reach output targets

Tuesday, 25 April 2023 15:14:55 (GMT+3)   |   Istanbul

The Italian Metalworkers Union (UILM) has called on the Italian government to discuss the debt situation of steelmaker Acciaierie d’Italia and the temporary layoffs which resulted in lower production rates especially at the Taranto plant in southern Italy.

“We want to know what real obstacles stand in the way of increasing production to six million mt, a limit that would ensure financial equilibrium,” the union stated. 

In January, the company stated that it plans to produce four million mt of crude steel in 2023 and five million mt in 2024. However, Acciaierie d’Italia produced approximately 3.4 million mt of steel in 2022, which the trade union called a record low. 

In addition, the union is calling for transparency regarding the Italian government’s €680 million fund to be allocated to Acciaierie d’Italia for decarbonization of the Taranto plant. UILM also wants definitive clarity on whether the company’s decarbonization targets are linked to the lack of a production recovery and the layoffs of three thousand workers.


Similar articles

European scrap markets stable at beginning of June

05 Jun | Scrap & Raw Materials

European longs markets mostly stable amid first signs of weakness

05 Jun | Longs and Billet

Marcegaglia raises investment in Fos-sur-Mer low-carbon steel project to €1.2 billion

03 Jun | Steel News

Italian scrap prices stable amid market lull

29 May | Scrap & Raw Materials

EU HRC market shows modest domestic demand, while import trade is thin amid quota uncertainty

29 May | Flats and Slab

Metinvest Adria’s green steel project in Piombino advances as Invitalia approves €285 million in incentives

29 May | Steel News

The European longs market stalled amid weak demand and holidays, safeguards still in focus

28 May | Longs and Billet

European longs market cools down amid holidays, production stoppages, and weak demand; safeguard measures also in focus

22 May | Longs and Billet

EU HRC prices remain range-bound, buyers assess impact of tighter import measures

21 May | Flats and Slab

Local Italian scrap market sees easing of upward pressure

20 May | Scrap & Raw Materials