energy crisis
Scrap demand in Italy will fall at the beginning of 2023 due to shutdowns of steel plants

Longer shutdowns of steelmakers for maintenance will affect scrap consumption in the first quarter of 2023

US Steel Kosice
Slovakia’s US Steel Kosice has shut down the second of its three blast furnaces until 2023

The shutdown of the unit is due to high electricity costs and a drop in demand for finished products

Electricity prices in Europe rose in November due to cold weather

European prices in late November and early December were also affected by the decline in wind power capacity

Solar panel
Global renewable energy capacity will double by 2027

Problems with energy security due to the war in Ukraine contribute to the increase of investments in green generation
The UK’s trade unions are calling on the government to support the steel industry

The UK's industry will not be able to compete if it pays twice as much as the EU for electricity
European countries have spent more than €700 billion to combat the energy crisis

The UK and Norway allocated €105 billion for this
The German government agreed on the details of the scheme for overcoming the energy crisis

From 2023, industry will receive 70% of annual gas consumption at a price of 7 euro cents/kWh

The cost of energy continues to affect Turkish steelmakers – CIB

The share of energy costs in the steel industry increased from 7% to 27%
Spain allocated for ArcelorMittal €17.1 million in compensation for indirect emissions

Total support for Spain's energy-intensive industry is €244 million, of which the steel sector accounts for 37.5%
ArcelorMittal temporarily suspended steel and rolled products production

The available amounts of electricity are not enough to support production even at 20% capacity
The economy of the Eurozone will suffer the most from the global recession – OECD

European countries will feel the hardest hit as the Russian war hits business activity and causes a spike in energy prices

Energy crisis in Europe could deepen next winter

Energy-dependent industries will actively explore the possibility of moving production

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