[Ferro-Alloys.com] Algerian steel importers have voiced concerns over impending changes to make imports of all goods into the country on a free on board (FOB) basis from December 31.
On September 29, the Algerian finance ministry informed the Algerian association of banks and financial institutions (ABEF) of measures to make imports of mobile phones and household goods on a free on board (FOB) basis. From December 31, the measure will apply to all imports, including steel.
Workers at ArcelorMittal Italia, Italy's largest flat steel producer, will go on strike Tuesday December 10 after the company set out plans to cut production and 4,700 jobs at the former Ilva site by 2023, union sources told S&P Global Platts last Thursday.
The company presented its plans for the former Ilva site to unions and Italian government representatives Wednesday afternoon, union sources said. ArcelorMittal has changed its planned production volumes for Ilva since it bought the company from the Italian government in 2018.
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