“It was funded because it did not pay suppliers” – Corriere.it

Absolutely believable, it really happened: ArcelorMittal financed first working capital without paying or deferring supplier payments. Most directly Giancarlo Giergetti – as Minister of Economic Development – spoke at the Room Manufacturing Operations Commission about steel and iron and steel. Not always – the minister explained – foreign shareholders often invested in Italy without financial and industrial logic, as evidenced by the current transition process. In short, he did not send them to tell. Explains why: After a successful race, ArcelorMittal did not comply with betting requirements for the next two years, and the race was put on hold. Now the current commissioners are at least trying hard to recover bail, as guaranteed by Mittal.

60% of calls in 2022

So far past. As for the future – which will be dedicated to the electric oven – Giorgette was equally clear: The government asked ArcelorMittal and its management to change their approach to related companies and unions.. In May 2022 – the Minister later confirmed – that at the end of the lease agreement, Invitalia would rise to 60% in the new company acquiring the assets of the former Ilva. At present – Giorgietti recalls – Invitalia holds 38% stake in the capital of Assisieria de Italia Spa. Subjecting the assets of the former Ilva to 3 conditions: release of the new IAA, agreement with the unions, criminal release from the seizure of the factories.

Industrial project

As mentioned, from an industrial point of view the future will be marked by the electric oven. The industrial plan to replace Toronto’s decarbonization will be presented soon, Gearketti stressed, and there will be a joint effort to carry out the decarbonization process in this industrial plan: sufficient administration has been selected by the government to meet this complex challenge. In addition to the industrial plan and the agreement of the unions, the Minister should also find the agreement of the municipality of Toronto and the Buglia region. So, another warning to Mittal: he should make other investments and participate in this investment move along with Invitalia because the government is paying all the money in it and waiting for the private sector to enjoy the benefits..

Investments

Speaking of money, the minister noted that between முதல் 900 and 500 1,500 million, depending on the technical choices, are the estimated investments that support the former Ilva’s industrial plan for climate change. In detail, the industrial plan, incorporated into the 10 December 2020 agreement, provides for public participation from a new factory built and operated by a new company, powered by pre-reduced iron, dry (direct reduced iron). . Estimated investments, according to technology choices, actually vary from 900 million to one and a half billion. Invitation was issued to establish a new company to complete the industrial and economic, financial and environmental feasibility analyzes of the project. Financial security of investments at the start of TRI production – the Minister pointed out – R 2 billion of the NRP’s resources could be allocated for the use of hydrogen in sectors 3.2. It is difficult to reduce. We asked for the inclusion of a fund in the next Budget Act to support the environmental transformation processes of the Italian industrial system – Giergetti announced. These funds will be managed jointly by Might and Might and will aim to support companies starting with the most energetic companies involved in investing in decarbonization.