UK steelmakers could potentially face worsening competitiveness conditions as electricity costs are set to soar and despite “repeated warnings” by industry to the government energy regulator.
“Electricity represents the largest cost after raw materials” – Gareth Stace UK Steel has slammed the independent gas and electricity regulator, Ofgem, in light of the government watchdog’s decision to ramp up electricity costs as part of its Targeted Charging Review. The steelmaker said Ofgem had “completely failed” to heed its…
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