ArcelorMittal : Ilva: should I stay or should I go
>Negotiations with the Italian government are progressing - After reneging on its agreement to lease and then acquire Ilva (loss of legal immunity, administrative closure of blast furnace #2), ArcelorMittal has reportedly presented a new restructuring plan for Ilva which recommends 1/ the loss of 4,700 jobs out 10,700 (with 2,900 as of 2020), 2/ production brought down to 4.5 Mt in 2020 and 6Â Mt in 2021 (level planned for 2020 in the initial plan), 3/ the closure of b...ArcelorMittal is a steel company, based in Luxembourg, with operations in more than 60 countries. Co. is active in all major global steel markets, including automotive, construction, household appliances and packaging, as well as activities in Research & Development and technology, with captive supplies of raw materials and its own distribution network. Co. has an industrial presence in over 20 countries spanning four continents, covering key steel markets, from emerging to mature. Co. offers a complete spectrum of steel products from commodity steel to value-added products, from long products to flat, from standard to specialty products, from carbon steel to stainless steel and alloys.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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