Italy Riva steelmaker cuts key mill output to 30 pct

Newswire

MILAN, April 29 (Reuters) - Italy's biggest steelmaker, Riva Group, will cut output at its major Italian unit to 30 percent, or 3 million tonnes, due to weak demand from key industrial consumers, the family-owned company said on Wednesday. The Ilva plant in Taranto, southern Italy, will stop the fourth blast furnace out of five from May 10, Riva Group Chairman and founder Emilio Riva told Il Sole 24 Ore newspaper in an interview. That will cut the plant's annual output to 3 million ...

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