Rome

ILVA risks December 14 shutdown due to raw material shortage

Chairman says issue due to trustee's stocking limitations

ILVA risks December 14 shutdown due to raw material shortage

Rome, November 15 - ILVA, the embattled steelworks in southern Italy currently under court custody and facing obligatory environmental upgrades, could be forced to close down on December 14 due to a shortage in raw materials, Chairman Bruno Ferrante said in a letter to magistrates. The court's request that raw material not be stocked for longer than 15 days could force the plant to close down in December, putting safety at risk as well as causing irreparable damages, Ferrante said in the letter. A copy of the letter was obtained by ANSA. The steelworks are at the centre of a heated industrial dispute after a preliminary-investigation's judge ordered the partial closure of the plant due to long-running environmental and health concerns in July. ILVA - Italy's biggest steelmaker - and the government have been trying to keep the plant in operation while the necessary upgrades are made.

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