Genoa headquartered Italy’s largest steel maker Acciaierie d'Italia, formerly known as ILVA, has published a clarification after the incorrect news published by a national newspaper. Acciaierie d'Italia said that “With reference to incorrect news published by a national newspaper that in 2022 the production will increase by 40% compared to that recorded in 2021, with a target of 5.7 million tonnes, the company reserves the right to proceed in any appropriate place for the recovery of the damage suffered.”La Gezzetta del Mezzogionro had reported on 12 May 2022 that Acciaierie d'Italia confirms that in 2022 production will increase by 40% compared to that recorded last year, with a target of 5.7 million tonnes of steel to be made with three blast furnaces 1, 2 & 4 and two steel mills 1 & 2.Acciaierie d'Italia SpA was established by Am InvestCo Italy & Invitalia. The main Italian plant is represented by the Taranto steelworks in Puglia, the largest industrial complex for steel processing in Europe, other factories are in Genoa in Liguria, Novi Ligure and Racconigi in Piedmont, Marghera in Veneto. Before reaching its current corporate structure, the company underwent numerous changes of ownership: reborn in 1989 on the ashes of Italsider as ILVA SpA, it took back its name from the Company Industria Laminati Piani e Affini of 1905, which in its once it recalled the Latin name of the island of Elba, and from which the iron ore that fed the first blast furnaces built in Italy at the end of the nineteenth century was extracted. On 1 November 2018, ILVA officially became part of the ArcelorMittal, thus becoming ArcelorMittal Italia SpA. However, on 5 November 2019, ArcelorMittal communicated its intention to withdraw from the transfer contract, returning it to Ilva within 30 days. A new company set up by Am InvestCo Italy has therefore taken over the operations of the Italian branch of ArcelorMittal. Am InvestCo Italy and its subsidiaries became Acciaierie d'Italia Holding, while ArcelorMittal Italia became Acciaierie d'Italia.