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Print[Ferro-Alloys.com] Reuters reported that the European Commission is prepared to play its part in trying to save the giant ILVA steel mill in the southern Italian city of Taranto, with financial support potentially available through the EU regional fund.
Industry Commissioner Mr Antonio Tajani said “We are ready to do whatever we can. We are committed to keeping the steel industry in Europe.”
Mr Tajani said the regional government in Puglia could ask the EU Commission to allow resources already earmarked by the European Regional Development Fund but not yet spent by the region to be used for the ILVA plant.
He said “This would be the quickest and easiest way to find financial resources for the ILVA plant. Money coming from the ERDF could be used for mitigating the environmental impact caused by ILVA production.”
He also called for the European Investment Bank to step in, to create a guarantee fund to support private investment for the ILVA plant's restructuring.
He said he would take part in a meeting with the Italian authorities next Friday in the regional capital Bari to discuss the future of the plant, which has been blamed for deadly leaks of cancer causing chemicals.
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