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Italy to scrap ArcelorMittal legal shield over Ilva plant - lawmaker

Italy to scrap ArcelorMittal legal shield over Ilva plant - lawmaker
FILE PHOTO: A logo is seen on the roof of the ArcelorMittal steelworks headquarters in Ostrava, Czech Republic, April 1, 2016. REUTERS/David W Cerny/File Photo -
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David W Cerny(Reuters)
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ROME (Reuters) – Italy’s coalition has decided to scrap a legal guarantee it had previously granted to steelmaker ArcelorMittal <MT.AS> over the Ilva plant that Arcelor bought last year, a senior Democratic Party (PD) lawmaker said on Monday.

The move could worsen relations between the government and the global steel giant which has threatened to shut down Europe’s largest plant if the legal shield was revoked.

Dario Stefano, the PD’s deputy senate leader, told Reuters the PD and its coalition partner the anti-establishment 5-Star Movement had jointly agreed to drop the legislation granting the immunity.

Italian Industry Minister Stefano Patuanelli will meet ArcelorMittal’s managers in the next few days, a government source said.

(Reporting by Giuseppe Fonte, editing by Gavin Jones)

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