Europe’s largest steel mill in southern Italy, Taranto is in danger of being shut down due to a decision by the Italian government for stricter environmental rules. According to steel company ArcelorMittal, it would therefore be impossible to keep the plant in operation after 6 September.

Work is being done to make the polluting location cleaner, but that would not be finished until 2023. ArcelorMittal, which is listed on the Amsterdam stock exchange, bought the factory last year for 1.8 billion euros from the Italian state.

“ArcelorMittal is open to dialogue with the government and continues to hope for a satisfactory conclusion that will enable the company to continue investing in the Italian steel industry,” the group reports. The largest steel maker in the world previously promised to invest nearly 2.4 billion euros in its Italian activities.

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