Ilva, the steel manufacturer formerly owned by the Italian government, has reported positive financial updates after investing 1 billion euros in maintenance. The administrators managing the company have revised their production timeline, stating that producing 4 million tons is no longer just a distant goal. This development follows assurances from the commissioners about the restart schedule for two specific blast furnaces (Afo2 and Afo4), dispelling previous concerns from labor unions regarding potential shutdowns.

The current status of the facility includes the Altoforno 2, which has successfully completed testing and is preparing for restart in the coming days. Meanwhile, the Altoforno 4 is set for scheduled maintenance beginning on February 28 and is expected to last about 60 days as it undergoes upgrades. Alongside these efforts, coking operations will also commence again, further ramping up production capabilities.

By the end of April, Ilva is anticipated to achieve a production capacity of 4 million tons annually, which will significantly bolster its market presence. This ambitious comeback not only indicates a robust recovery for the company but also reflects broader economic implications for the steel industry in Italy, underscoring the importance of strategic investments and efficient operational management.