Italy has received 10 bids for the former Ilva steel plant, but only two bidders are interested in purchasing all assets. Azerbaijan’s Baku Steel and India’s Jindal Steel have withdrawn, leaving Bedrock Industries and a consortium involving Flacks Group still in the running. Eight offers targeted single assets. Ilva, once Europe’s largest steel plant, faces financial turmoil and environmental concerns.

Baku Steel withdrew due to local opposition, hindering its project. Jindal Steel is now focusing on Germany’s Thyssenkrupp. The latest tender round closed, with commissioners needing time to examine offers, prioritizing employment, decarbonisation, and investment for sustainable development. Italy’s metalworkers’ union criticized the process, calling for nationalization to prevent closure and disaster.

Read more at Yahoo Finance: Italy receives 10 bids for Ilva steel as major contenders withdraw