ThyssenKrupp Acciai Speciali Terni (Italy) is investing EUR 90 million to expand stainless steel production over the next two years. At the same time there will be a phased closure of electrical steel production at the Italian plant by the end of this year. Dr Michael Rademacher, Chairman of the Executive
Committee, said: âThe electrical steel employees will be given a job guarantee and most of them will be employed in the core stainless steel flat business of ThyssenKrupp Acciai Speciali Terni and its subsidiaries.â? The move is designed to strengthen ThyssenKrupp Steel’s position in the stainless steel world market by focusing on the particularly profitable high-tech product cold-rolled strip.
