Arvedi Shuts Cremona Plant over Energy Prices – Reports

According to reports in Italian media, steel maker Arvedi has shut down production at its steel plant in Cremona in Italy as producing at the current cost of energy has become unprofitable. The report quoted sources as saying that “The Cremona plant will remain idle for the entire week & restart plans are unclear. Producers are living by the day and are hoping for government intervention this week to support the industry.”The Cremona production site is a very modern industrial works, which, thanks to its technological, environmental and ergonomic conception, can be defined as a new system for steel manufacturing. Since 2009 it has had two complete lines for the production of steel in the form of hot rolled coils, each fitted with its own melt shop for the production of liquid steel and an integrated cast-rolling line ESP. With the second plant it has achieved an epoch-making innovation, the continuous cast-rolling process called Arvedi ESP, Endless Strip Production (patented in the most important countries. The particular plant equipment allows the special products to me produced flexibly and economically, making it the strong point of the works. Its production capacity is 3.4 million tonnes per year of HR, HRPO, HDG & PPGIFounded in 1963 by Mr Giovanni Arvedi, the Arvedi Group is one of Europe's most significant steelmaking realities, operating in the production of hot rolled pickled, galvanized and pre-painted coils, carbon and stainless steel tubes and stainless steel precision-rolled strip.