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ArcelorMittal's Audacious Arbitration & ADI's Acrimonious Assault
ArcelorMittal countered ADI's €7 billion lawsuit by filing its own €1.8 billion damage claim against Italy. The steel giant alleges governmental interference destroyed its investments in Italy's largest steelmaker. Production collapsed from 8 million metric ton capacity to under 2 million metric tons despite €2 billion in investments, creating a complex legal battle that threatens European steel industry stability.
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