Former Ilva: Adi says plant shutdown is painful but inevitable following the courts’ rejection

Services have also been suspended in Novi Ligure and Genoa

(Il Sole 24 Ore Radiocor) - Acciaierie d’Italia, currently under special administration, describes the temporary shutdown of the former Ilva plants as “the logical consequence” of judicial constraints, starting with the decree of 27 July issued by the Court of Milan, and the deadlines set by the Court of Appeal. The company explains this in a statement, in which it specifies that the shutdown will not only affect Taranto: Novi Ligure and Genoa, which do not have their own hot rolling mills, rely on steel from Taranto and will therefore cease operations downstream.

The company points out that it endeavoured to ensure production continued for as long as possible, within the 90-day limit set by the Court of Appeal, having realised that the court’s requirements could not be met within the time allowed. Of the two appeals lodged, the second – which sought to keep the furnaces heated at least until the Court of Cassation had handed down its ruling – was also dismissed on 5 October. The special administration therefore took a “painful but inevitable” decision.

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