21
Sep
11:06
UK steelmakers sound alarm over surging energy prices
UK steelmakers have sounded the alarm over rising energy costs and their impact on the domestic steel sector.
British Steel says power prices are “spiralling out of control and represent one of the biggest challenges facing our business”. In April they were trading at £50/MWh ($68) but now they are being quoted at £2,500/MWh. “These colossal, unprecedented rises make it is impossible to profitably make steel at certain times of the da…
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Anonymous
Very good overview of the weekly steel market.
Anonymous