Arvedi Ast alert: the cost of energy is no longer sustainable
"The weight of energy costs for Arvedi Ast and for the Italian steel industries has become unsustainable". This is the complaint made by the group, which includes the Terni steel plant. "We find ourselves...
Arvedi Ast, an Italian steel company, has denounced the unsustainable energy costs it faces, stating that it operates in a European market with unfair competition and discrimination against Italian producers. The company, which has over 2,550 employees and is a major industrial and employment player in Umbria, has invested over €500 million in a plan to revive its competitiveness.
However, it claims that the increasing energy cost differential with European competitors will make its products uncompetitive and threaten its production continuity and employment levels. The company is calling for measures, including access to competitively priced hydroelectric energy and a contribution for using stainless steel scrap, to be implemented as agreed in the 2025 Program Agreement.
The regional government has responded by saying that the issue requires acceleration of the Agreement's implementation.
Written by urgent.news from Il Sole 24 Ore's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
