Eurometal has reported that Italy’s leading steelmaker Arvedi has stopped three of the four electric arc furnaces at two Italian plants due to high electricity prices and low demand for finished products. From 19 September 2022, Arvedi temporarily stopped production on EAF No 1 and EAF No 2 at the plant in Cremona. Also, Arvedi stopped one of the two EAFs and cold lines at its plant in Terni for two weeks from 16 September.Cremona - 4 million tonnesTerni - 1.1 million tonnesEuropean steelmakers are massively reducing or stopping production against the background of rising electricity tariffs. At the same time, the European market is filled with imported steel products, which attract consumers by lower prices than local ones.
Eurometal has reported that Italy’s leading steelmaker Arvedi has stopped three of the four electric arc furnaces at two Italian plants due to high electricity prices and low demand for finished products. From 19 September 2022, Arvedi temporarily stopped production on EAF No 1 and EAF No 2 at the plant in Cremona. Also, Arvedi stopped one of the two EAFs and cold lines at its plant in Terni for two weeks from 16 September.Cremona - 4 million tonnesTerni - 1.1 million tonnesEuropean steelmakers are massively reducing or stopping production against the background of rising electricity tariffs. At the same time, the European market is filled with imported steel products, which attract consumers by lower prices than local ones.
