SMM News: A Stainless Steel Factory in Italy to Temporarily Suspend Production

Published: Jul 6, 2023 10:23

Source: SMM

Save

Italian stainless steel producer Acciai Speciali Terni (AST) plans to temporarily suspend production from July 19 to August 23.

The period of downtime has been extended from the traditional summer shutdown of August 7 to August 20, about 15 days longer than in previous years, due to high energy costs, weak sales as well as lower orders and prices.

During the downtime, the company will implement equipment maintenance work.

According to foreign media data, the annual production capacity of AST is about 1 million mt, and the extension of the summer break may affect the monthly output by about 30,000-40,000 mt year-on-year.

More popular news:

SMM Daily Comments (Jul 3): SHFE Base Metals Rose across the Board with Tin Surging, Ferrous Metals Prices Closed Mixed

China Vows To Increase Macro-Control Efforts, Expand Consumption And Stabilise Investment

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

May 26, 2026 09:18

[SMM Stainless Steel Market Flash] TECO to Buy 78% of Malaysia’s Dynaciate for $50.8 Million

TECO Electric & Machinery has signed an agreement to invest about MYR 200 million, or roughly $50.8 million, to acquire about 78% of Malaysian engineering company Dynaciate Engineering. TECO said Dynaciate will become its global manufacturing hub for modular data center and power equipment products, while also serving as an engineering hub for its expansion in Southeast Asia’s data center infrastructure market.

May 26, 2026 09:18

May 25, 2026 18:26

[SMM Stainless Steel Market Flash] Report Says New Stainless Steel Can Operate in Seawater at up to 1700 mV

SS-H2 can operate in seawater at voltages of up to 1700 mV, well above the stable operating range of regular stainless steel. The report said this improved performance could help address corrosion and durability issues in seawater electrolysis systems, suggesting expanding potential for advanced stainless steel in hydrogen equipment applications.

May 25, 2026 18:26

May 25, 2026 18:25

[SMM Stainless Steel Market Flash] HKU Develops SS-H2 Stainless Steel for Lower-Cost Seawater Hydrogen Systems

A research team at the University of Hong Kong has developed a new stainless steel called SS-H2 for seawater-based hydrogen production systems. The reports said the material is designed to maintain stronger corrosion resistance under harsh, high-voltage operating conditions and could potentially replace more expensive titanium components now used in electrolyzers. The development is seen as a possible new materials route for lowering the cost of green hydrogen equipment.

May 25, 2026 18:25