The Court of Taranto has finally released the steel stocks of Italian steelmaker Ilva which had been seized by court order since November 26 last year. Taranto-based Ilva is now free to sell the steel products in question which consist of semi-finished and finished steel products amounting to 1.7 million mt, worth between €800 million and €1 billion.
On Monday, May 13, Ilva's lawyers had filed the latest request for the cancellation of the seizure order after Italy's Constitutional Court explained the constitutionality of the decree passed late last year by the Italian parliament to save the troubled Italian steel producer.
Source:
http://www.steelorbis.com/steel-news/latest-news/taranto_based-ilva-regains-possession-of-impounded-steel-stocks-758976.htm
