ArcelorMittal Italia negotiating operating rights with government

摘要

London—ArcelorMittal is negotiating with the Italian government a solution to allow its continued operation of its ArcelorMittal Italia subsidiary after September 7, when a current legal safeguard for its operation expires, Lakshmi Mittal, ArcelorMittal chairman and CEO said Thursday. "Our expectation is that measures will be in place by September 6," Mittal told investors on a webcast to discuss the company's second quarter results. "We are in negotiation with the Italian government which is working on providing us with legal safeguards..... the works should continue to operate.....however, no assurance can be given at this point in time."