During the Seventies and Eighties, the Cogne steel plant lived through the restless years of the State-controlled iron and steel industry and shared its difficulties. Eventually, first Egam and then Finsider were liquidated and the plant became part of the Ilva Group.
In the years that followed, most of the industrialized countries were compelled drastically to reduce the production capacity in their cast iron and steel sectors. In fact, capacity remained surplus to consumption, due, in part, to the appearance on the market of new products and to supplies from the Far East.
The rationalization process caused ILVA, the largest Italian producer, progressively to reorganize, involving heavy restructuring and plant closures.
At the beginning of the Nineties, ILVA decided to concentrate on its core-business: the production of steel in flat products. As a result, the Cogne steel plant in Aosta, despite its highly acclaimed quality in long products, risked closure, as it was no longer of strategic value to ILVA.