Giorgia Meloni’s government is preparing to put Europe’s largest steelworks under special administration after failing to agree with ArcelorMittal on the plant’s future.
Rome’s announcement, expected as soon as Thursday, would come after a tense stand-off over the injection of €320mn urgently needed to keep the factory running — including payment of its outstanding gas bills.
The historic steelworks is being operated by Acciaierie d’Italia (AdI), a joint venture co-owned by ArcelorMittal, the Luxembourg-based international steel giant, and Italy’s state investment agency, Invitalia.
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