Taranto steelworks faces €7bn damages bid from state-linked buyer
Italy’s state‑backed Acciaierie d’Italia has sued ArcelorMittal in Milan for €7bn, alleging mismanagement of the Taranto steelworks after the government seized control from the Luxembourg group. The move comes as ArcelorMittal faces a separate Energy Charter Treaty arbitration against Italy, and as officials scramble to rescue Europe’s largest steel plant with investments and a viable industrial plan for its 10,000 workers.