Alcoa idles Italian smelters after EC energy tariff ruling

Nov 20, 2009 | 10:29 AM | Tom Jennemann

Alcoa Inc. will temporarily curtail all production at its aluminum smelters in Fusina and Portovesme, Italy, after the European Commission ruled that the company must repay a portion of its Italian energy tariff.

Alcoa had received "illegal state aid" since 2006, the commission said, which allowed the Pittsburgh-based company to sell aluminum at a lower price, thus giving it an unfair advantage over its competitors.....





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