Arvedi AST suspended production at Terni plant

Arvedi AST decided to suspend production at its Terni plant in order to stabilize the stainless steel market and cope with low demand and price conditions. The production suspension dates announced are November 20-30. Arvedi is at a competitive disadvantage. Industry experts point out that the European steel industry is facing serious challenges recently. In particular, high energy costs and cheap imports from Asia put European producers in a difficult situation. Arvedi AST is reportedly struggling to maintain its competitive edge despite its attempts to source cheap plate from Asia to reduce costs.

Arvedi AST's production suspension once again demonstrated that the European steel industry is struggling with high energy costs and global competition. This shows that the sector is facing serious challenges and similar production cuts likely to increase in the future.