Steel manufacturers seek new deal on electricity charges as prices soar over European competition
UK steel manufacturers have paid 25 per cent more for their electricity than European competitors over the past five years, industry officials have revealed.
The energy intensive industry is now calling for reductions in charges to remain competitive after the price gulf between the UK, Germany and France reached more than a quarter of a billion pounds.
It can account for 20 per cent of the production process, and is up to 86 per cent more than mills across the North Sea, and 62 per cent above those across the Channel.
Steel manufacturers seek new deal on electricity charges as prices soar over European competition
UK Steel reveals £254m additional bill for British manufacturers compared to French and German counterparts
10:47, 4 FEB 2021
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UK steel manufacturers have paid 25 per cent more for their electricity than European competitors over the past five years, industry officials have revealed.