29
Jun
15:58
UK auto industry at risk with 50% increase in energy costs: SMMT
The UK automotive industry is to be hit with a 50% increase in energy costs, seriously hurting its competitiveness and risking its transition to e-mobility, the SMMT warned this week.
According to the Society of Motor Manufacturers and Traders, the industry will face a £90 million ($109.08m) hike in energy bills this year, which is equivalent to over 2,500 automotive jobs.
“UK electricity prices are the most expensive of any European automotive manu…
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Anonymous
Very good overview of the weekly steel market.
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