electricity prices

European steelmakers to help politicians overcome the energy crisis – EUROFER

Current gas and electricity prices threaten the viability of the industry in Europe, the association believes

ArcelorMittal will shut down one of the blast furnaces at the plant in Poland at the end of September 2022

The company explains this step by the drop in demand for steel and the increase in the energy costs

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Rebar producer Acciaierie di Sicilia will temporarily stop production in Catania

Having worked for only a week after the previous downtime, the company shuts down again due to high electricity prices

Megasa will temporarily stop night production due to high electricity prices

With this step, the company expects to reduce electricity costs without stopping production

Slovenia’s SIJ Group will reduce production by the end of 2022

In September, the company plans to reduce production by a third, and in the fourth quarter – by 40%

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EUROFER calls on the EU to take urgent action to overcome the energy crisis

Steelmakers and industrialists from other energy-intensive industries emphasize the impossibility of continuing production in Europe under current conditions

Ascometal Swiss Steel announced the shutdown of two French steel plants

In November and December, the company will stop production at the plants in Fosse-sur-Mer and Agondanges

ArcelorMittal Dunkirk plans to operate only one blast furnace out of three

Two other BFs were stopped earlier due to rising energy costs

Electricity prices in Germany have risen to a record €700

This level of prices is about 14 times higher than the seasonal average over the past five years

Norsk Hydro is closing a plant in Slovakia due to high electricity prices

The production capacity of the Slovalco plant is 175,000 tons of aluminum per year

Peak electricity tariffs in Europe reach almost €700 MWh

On the Hungarian market, day-ahead electricity prices reached €682 MWh during evening peak hours

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