discussing options with Italy’s Treasury to secure gas supplies following a steep rise in prices. The report quoted sources as saying that “Acciaierie d’Italia had not signed a new gas contract for October yet. Talks are going on with the Treasury to find a way to support the steel plant. Acciaierie in theory could tap Italy’s gas default transport service should it fail to renew its gas supply contract.” When a client loses its gas supplier it can ask to get fuel temporarily from gas grid operator Snam under the so-called default transport service before being assigned to a supplier of last resort or agreeing a new contract. Acciaierie d’Italia, 38% controlled by state-owned agency Invitalia and 62% by the ArcelorMittal, is short of cash and has accumulated a debt of more than EUR 280 million with Italian energy group Eni. Italy’s Ministry of Economic Development Mise last week approved the Aiuti Ter decree, which is designed to reduce the impact of energy costs for energy-intensive sectors. This will allow steel companies to benefit from a 40% tax discount at the end of the year, which will be calculated considering each producer’s real energy consumption.