energy crisis

The steel sector replenishes the budgets of European countries with tens billions of euros, but mass shutdowns of capacities will negatively affect the amount of tax revenues

Analysts believe that state intervention has become structural

The reason was the refusal of the Austrian Donau Brennstoffkontor GmbH to supply coke

The company is counting on an agreement that will allow the company to idle any of its plants in Spain for any period until the end of 2023

High electricity prices and low demand for steel forced the company to shut down two furnaces in Cremona and one in Terni

Steel production must be cut until the market returns to a balance between supply and demand

The cap will apply directly to the price of electricity produced by non-gas plants

In recent months, the country's government has allocated more than €850 million to support local gas and electricity-intensive industries

Due to the increase in electricity tariffs, Turkish steelmakers are trying to maintain their existing production capacity