Failed start-up of the blast furnace in Spain. The steel giant has a serious problem
A steel company in Spain is facing significant challenges after five failed attempts to restart a blast furnace, leading to its shutdown and a potential two-year repair process costing around €100 million.
Ex Ilva, the blast furnace restarts. EU gives the go-ahead for the bridge loan
The EU has approved a bridge loan allowing the restart of the blast furnace at the former Ilva steel plant in Taranto, while consultants assess the operational status of the facilities.
Ex Ilva, Flacks wins but the prosecutor does not give up
Flacks Group is negotiating exclusively for the former Ilva steel plant but faces a significant obstacle with judges denying the release of blast furnace 1.