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ArcelorMittal Seeks €1.8bn Claim From Italy
January 30, 2026
ArcelorMittal has filed a €1.8bn (~ $2.2bn) claim against the Italian government, saying it suffered major losses tied to its past investment in Acciaierie d’Italia (ADI) steel plant, formerly known as ILVA. This filing comes after Italy’s state-appointed administrators of ADI sued ArcelorMittal for €7bn ($8.37bn), alleging that the company mismanaged and “ran down” the Taranto-based facility. In its official statement, ArcelorMittal said that it “sees no factual nor legal basis” for the claim and categorically rejected all allegations. The steelmaker asserted that it had invested about €2bn ($2.4bn) to improve a structurally troubled business, spending a large part of that money on environmental compliance required under Italian rules. The company also argued that government omissions and illegitimate legislative interventions undermined the conditions of the original agreement and contributed to its loss of the investment.
ArcelorMittal’s bonds traded stable with its 4.25% 2029s currently at 100.06 yielding 4.23%
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