Spanish stainless long steel producer suspends operations due to energy price spike

By IM Staff
Published: Wednesday, 13 October 2021

A sharp rise in electricity prices has forced Spanish stainless long steel producer Sidenor Aceros Especiales to suspend production, Fastmarkets has heard.

The company will be paying €227 ($263) per MWh in October, but for November and December the power prices have been forecast to surge upward to €284 per MWh. This would be sharply up from last year’s electricity price of €60 per MWh.

Such a jump in energy prices will...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.