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ArcelorMittal Begins Ilva Exit

14 Nov 2019 - ArcelorMittal has begun the effort to withdraw from its acquisition of Italy’s Ilva steel works, filing suit in a Milan court, reports the Italian news service ANSA.

Italian PM Promises to Block ArcelorMittal’s Ilva Exit

07 Nov 2019 - Italian Prime Minister Giuseppe Conte said he will not allow the world’s largest steelmaker to walk away from its agreement to acquire the country’s largest steel works and promised a vigorous court fight if it does. 

ArcelorMittal to Withdraw from Ilva Acquisition

06 Nov 2019 - ArcelorMittal has given notice that it will  hand back the keys to Italian steelmaker Ilva after Italy’s parliament rescinded its legal protections from environmental prosecutions. 

Steel Associations Praise Effort to Continue International Forum on Excess Capacity 

31 Oct 2019 - Sixteen steel industry associations are applauding a decision to continue the work of an international body aimed at reducing excess capacity even as it is set to dissolve this year.

CMC Shutters California Meltshop

17 Oct 2019 - Commercial Metals Company has closed the meltshop at its California rebar mill, saying that regulatory costs are making it too difficult to compete, reports news and commodities pricing service Argus. 

Obstacles Remain as China Works on Steel Capacity Reductions, Industry Ministry Official Says

26 Sep 2019 - Not for a lack of trying, China remains challenged to contain illegal steel capacity, reports the Reuters news service.

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