ArclorMittal Italia InvestCo welcomes the decision by the Court of Milan

by David Fleschen

Following the recent application by Ilva’s commissioners to the Court of Milan for interim measures concerning the Taranto steel plant, AM InvestCo Italy notes the court ruling served earlier today and welcomes the decision by the Court not to grant the request to issue a provisional order without first hearing all parties. A court hearing has been scheduled for 27th November.

AM InvestCo will follow the Court’s invitation to pause implementation of the orderly and gradual suspension of operations pending the interim measures proceedings. This suspension process was in line with international best practice and would in no way have damaged the plant or compromised its future operability.

Source: ArcelorMittal Italia, Photo: Fotoloia

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