Daily Market Updates: Electricity costs put UK steelmakers in worst position in three years against EU rivals

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Electricity costs put UK steelmakers in worst position in three years against EU rivals

Reported · Written up by our desk · Equities

Premium paid over French counterparts has risen to almost £30 a megawatt hour, analysis by lobby group finds British steelmakers have been pushed further behind European rivals on electricity costs after the US-Israeli war on Iran caused a surge in global gas prices. The premium paid by the British industry over its French counterpart has risen to almost £30 a megawatt hour (MWh), its highest level in three years, according to analysis by the lobby group UK Steel. Continue reading...

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Guardian BusinessElectricity costs put UK steelmakers in worst position in three years against EU rivals

US Markets

Electricity costs put UK steelmakers in worst position in three years against EU rivals

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