The plant will restart with three blast furnaces (No. 1, 2 and 4). This decision was announced by ADI's special board of trustees. In Rome, authorities and unions met and announced that extensive maintenance work will be carried out on blast furnaces No. 1 and 2 in the coming months. A detailed restart plan will also be developed so that the plant can operate at full capacity by mid-2026.
In order to restart the plant, an asset sale tender has been submitted. This tender includes decarbonization commitments and aims to maximize the workforce and attract long-term investors. ADI stated that plans for redundancies in preparation for the restart are necessary to reduce costs.
The European Commission approved a EUR 320 million bridge loan to Acciaierie d'Italia in July 2024. This loan, with an interest rate of 11.6% per annum, received a favorable evaluation in a letter from Brussels. In addition, EUR 300 million from the assets of the former Ilva under emergency management have been allocated to support the measures envisaged in the restart plan.
The Italian Ministry of Trade and Production announced that the former Ilva has been officially put up for sale and the relevant announcement has been published on the website of Acciaierie d'Italia. So far, six companies have reportedly shown interest in ADI.
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