Reuters: ArcelorMittal sends letter of intent for Italian steel plant

|About: ArcelorMittal (MT)|By:, SA News Editor

ArcelorMittal (MT -0.2%) has sent a non-binding expression of interest for troubled Italian steelmaker Ilva, trade union sources tell Reuters.

Ilva runs Europe's biggest steel plant in the southern Italian city of Taranto but has been at the center of an environmental scandal.

MT, which previously said it was invited by the government to look at the plant, says it will make a move only if confident the deal would be good for its business in Europe and create value.