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Acciai Speciali Terni to shut down one EAF due to high power costs
Acciai Speciali Terni (AST), a stainless steel manufacturer in Italy, planned to close one of the two electric arc furnaces at its Terni steel mill at the end of September for a period of around one week.
AST made this decision mainly due to high electricity costs, which made the company unable to compete at lower prices with growing imports from Asia.
Italy faces energy costs which are three times higher than in other European countries where rivals are located, said AST. Such high power costs impacted the mill restart plans, offset efforts to improve efficiency, and even affected the benefits of major investments made by the company.
AST made this decision mainly due to high electricity costs, which made the company unable to compete at lower prices with growing imports from Asia.
Italy faces energy costs which are three times higher than in other European countries where rivals are located, said AST. Such high power costs impacted the mill restart plans, offset efforts to improve efficiency, and even affected the benefits of major investments made by the company.
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