Italian flat stainless steelmaker Acciai Speciali Terni (AST) plans to increase its annual crude steel output to 1 million tonnes per year, up from 940,000 tpy, Italian steel trade union Fim-Cisl said on Thursday June 13.
The AST announcement was part of a new two-year industrial plan, agreed between the mill and Italian trade unions. As part of the plan, AST will invest ?,?60 million ($68 million) over the next 15 months."No significant change" in employee numbers was expected, according to Uilm, another Italian steel trade union.AST also plans to increase the production...