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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