Italian stainless steel producer Acciai Speciali Terni (AST) plans to suspend production temporarily from July 19 to August 23, according to local media reports. Due to high energy costs, weak sales and lower orders and prices, the given period has been extended from the traditional summer shutdown that runs from August 7 to August 20.
The company will implement maintenance works during the given period and up to a maximum of 2,210 employees will be subject to temporary layoffs.
I graduated from the Department of English Language and Literature at Kocaeli University. Since 2020, I have been producing content focused on the steel industry. At SteelOrbis, I write industry news on a wide range of topics, including EU and UK trade measures, regulatory changes, quota utilization, and the statements and views of organizations representing the Turkish steel sector.
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