Media reports suggest that ArcelorMittal and state owned Invitalia’s joint venture Italian steelmaker Acciaierie d’Italia is considering idling a second blast furnace at its Taranto plant due to low cash flow, weak market demand, and high production costs. At present, Acciaierie d’Italia’s Taranto facility is working using BFs 1 and 4, one of which will be mothballed. This comes after the steelmaker, formerly known as Ilva, already mothballed BF no 2 at the end of 2021 until the end of August amid the downturn in prices and demand in the global coil market. In October 2021, BFs no 1 and 4 were restarted. The latter was idled for about seven months and the company spent EUR 70 million on upgrade works. In June, two galvanizing lines were also idled due to deteriorating demand for coil. Acciaierie d'Italia recently announced that its production exceeded 4 million tonnes in 2021
Media reports suggest that ArcelorMittal and state owned Invitalia’s joint venture Italian steelmaker Acciaierie d’Italia is considering idling a second blast furnace at its Taranto plant due to low cash flow, weak market demand, and high production costs. At present, Acciaierie d’Italia’s Taranto facility is working using BFs 1 and 4, one of which will be mothballed. This comes after the steelmaker, formerly known as Ilva, already mothballed BF no 2 at the end of 2021 until the end of August amid the downturn in prices and demand in the global coil market. In October 2021, BFs no 1 and 4 were restarted. The latter was idled for about seven months and the company spent EUR 70 million on upgrade works. In June, two galvanizing lines were also idled due to deteriorating demand for coil. Acciaierie d'Italia recently announced that its production exceeded 4 million tonnes in 2021
