Italian steel company Acciaierie d’Italia (ADI), a joint venture between ArcelorMittal and state-owned Invitalia, produced 3 million tons of steel in 2023. This was announced by ADI CEO Lucia Morselli, Kallanish reports.
According to her, the company’s warehouse stocks currently reach 1 million tons of raw materials and finished products. In addition, ADI sold 2.5 million tons, but the period during which sales were secured is not specified.
Acciaierie d’Italia is at risk of shutting down due to liquidity problems. According to Morselli, the company’s net debt is about €700 million, while the total debt is €3.1 billion
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