After two years, the balance sheet of Italian stainless steel producer Acciai Speciali Terni is back on the positive side: the company has in fact closed the fiscal year 2020-2021 with a net profit of EUR 53 million on turnover of over 2 billion euros, while the production recorded 1.79 million tonnes of liquid steel, a result that had not been achieved since 2013. Acciai Speciali Terni attributed that its performance improve especially in the second half of the fiscal year, although it had to face and manage a real storm that hit the raw materials and energy supply markets.Acciai Speciali Terni said "Today, demand is stimulating, with the exception of the automotive sector, which continues to be weak, and this has allowed the achievement of important production levels, with plants being fully used. Despite this, there have been significant improvements in productivity and quality, both internally and externally.”Acciai Speciali Terni also pointed out that even in a period of growing production, the high safety standards have guaranteed a minimum level of accidents and the achievement of the zero accidents milestone in four departments of the plant. In particular, in the last fiscal year, Acciai Speciali Terni recorded 13 injuries and today the company has an accident rate six times lower than the average of the Italian steel industry, recording the best performance ever of injury frequency index 3.3 versus 3.4 of the previous year.
After two years, the balance sheet of Italian stainless steel producer Acciai Speciali Terni is back on the positive side: the company has in fact closed the fiscal year 2020-2021 with a net profit of EUR 53 million on turnover of over 2 billion euros, while the production recorded 1.79 million tonnes of liquid steel, a result that had not been achieved since 2013. Acciai Speciali Terni attributed that its performance improve especially in the second half of the fiscal year, although it had to face and manage a real storm that hit the raw materials and energy supply markets.Acciai Speciali Terni said "Today, demand is stimulating, with the exception of the automotive sector, which continues to be weak, and this has allowed the achievement of important production levels, with plants being fully used. Despite this, there have been significant improvements in productivity and quality, both internally and externally.”Acciai Speciali Terni also pointed out that even in a period of growing production, the high safety standards have guaranteed a minimum level of accidents and the achievement of the zero accidents milestone in four departments of the plant. In particular, in the last fiscal year, Acciai Speciali Terni recorded 13 injuries and today the company has an accident rate six times lower than the average of the Italian steel industry, recording the best performance ever of injury frequency index 3.3 versus 3.4 of the previous year.
