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03 Jun
16:00

Costly energy to stay through 2022: Eurofer’s Sciamarelli

High energy prices are expected to stay throughout 2022 as the war in Ukraine has exacerbated Covid-era supply chain disruptions and component shortages, particularly of semiconductors, says Eurofer market analysis and economic studies director Alessandro Sciamarelli. EU GDP is set to grow at only 2.9% in 2022 versus previous forecasts of 4.1%. EU inflation has reached 8-10%, a rate unseen since 1993, and will stay around current levels until the third quarte…
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