energy crisis

The unexpected reduction points to the beginning of a recession in one of Europe's largest economies

The business was shut down when electrical problems began

Thanks to the support of the state, the Italian steel enterprise sets ambitious goals for the coming years

The reform will be proposed in March 2023

The unit was forced to stop due to high energy prices, low market demand and a sharp increase in imports

Investments will be directed to the restart of production processes and ensuring employment and higher results of the enterprise

Loads of steel mills have decreased due to falling global demand for steel and rising electricity costs

The European generator will assist in evacuating people from the mine in the event of a power outage

In January-November 2022, the country's steelmakers reduced steel production by 7.9% y/y

The autumn months adjusted the cost of electricity by an average of €300 MWh from the peak price in August 2022 – to €150 MWh

This figure is already almost comparable to approximately €480 billion, which the country has directed since 2020 to protect its economy from the impact of the coronavirus pandemic

The Hungarian authorities asked the Polish Liberty Steel to ship raw materials for Dunaferr in order to continue the operation of the coke batteries of the plant