VIDEO: Winds of change at Ilva’s Taranto plant in Italy

The solution to the long-lasting crisis at Italy’s controversial steelmaking company, the Riva Group-owned Ilva and its troubled Taranto steelworks in Puglia, may lie in the hands of foreign investors.

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Last week, ArcelorMittal, Marcegaglia and Arvedi were named as interested parties in a potential link up and takeover of the ‘world’s unluckiest steelmaking company`.

Whether such a tie-up has any chance of being a success will very much depend on the freshly appointed new special commissioner Piero Gnudi

In this video, Steel First’s Elfi Middelbeek explains why the world’s largest steelmaking group and its allies might be interested in buying such a problematic company.