ArcelorMittal's Ilva bid stalled, but EU steel to benefit either way
A rally in prices, which have soared since start of last year, is seen unlikely to be derailed by either outcome
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London
ARCELORMITTAL'S bid to buy Italian steel major Ilva may have hit serious snags, but the European Union's (EU) steel sector is set to benefit in the short term whether or not there is a deal.
Italy's Puglia and Taranto regions last week lodged a court appeal against ArcelorMittal's takeover of Ilva which, if successful, could scupper the deal and lead to the temporary shutdown of Europe's largest steel plant.
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