energy crisis

The company expects to receive a response from the UK's authorities to confirm and improve the operation of the scheme after March 2023

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

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

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

Problems with energy security due to the war in Ukraine contribute to the increase of investments in green generation

The UK's industry will not be able to compete if it pays twice as much as the EU for electricity

The UK and Norway allocated €105 billion for this

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

The share of energy costs in the steel industry increased from 7% to 27%

Total support for Spain's energy-intensive industry is €244 million, of which the steel sector accounts for 37.5%

The available amounts of electricity are not enough to support production even at 20% capacity

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