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...

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