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