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02 Dec
10:49

Acciai Speciali Terni cuts production on low orders

Italian stainless steel coils producer Acciai Speciali Terni (AST), now part of Arvedi, is going to idle most of the plant’s equipment this month due to a low order intake, sources close to the company tell Kallanish. After demand surged in November and the plant resumed production at normal levels, the current sales volumes decline is now forcing the company to implement temporary layoffs. The low demand is due to the European steel market contraction, the …
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