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A.Mittal sources say no govt response to our letter - Business

2024-01-22T19:06:59.028Z

Highlights: A.Mittal sources say no govt response to our letter. Sources close to Arcelor Mittal said Monday the Franco-Indian multinational had yet to receive a response from the government to a letter offering fresh terms on the former Ilva Acciaerie d'Italia steelworks in Taranto.AMitall recently backed out of a deal to up its stake in the troubled works, which have been roiled by falling demand and industrial and environmental woes amid high cancer rates in the Puglia port city.

Sources close to Arcelor Mittal said Monday the Franco-Indian multinational had yet to receive a response from the government to a letter offering fresh terms on the former Ilva Acciaerie d'Italia steelworks in Taranto. (HANDLE)

Sources close to Arcelor Mittal said Monday the Franco-Indian multinational had yet to receive a response from the government to a letter offering fresh terms on the former Ilva Acciaerie d'Italia steelworks in Taranto.

"Regarding the proposed agreement sent last Thursday, 18January, to the Italian government, at the moment ArcelorMittalhas not received any feedback", they said.

AMitall recently backed out of a deal to up its stake in the troubled works, which have been roiled by falling demand and industrial and environmental woes amid high cancer rates in the Puglia port city.

photo: Aditya Mittal

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Source: ansa

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