Electricity costs put UK steelmakers in worst position in three years against EU rivals
Premium paid over French counterparts has risen to almost £30 a megawatt hour, analysis by lobby group finds British steelmakers have been pushed further…
The Guardian reports: Premium paid over French counterparts has risen to almost £30 a megawatt hour, analysis by lobby group finds British steelmakers have been pushed further behind European rivals on electricity costs after the US-Israeli war on Iran caused a surge in global gas prices.
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include EU, UK Steel and French.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- EU, UK Steel, French, British
- Section
- Business
- Figure cited
- The premium paid by the British industry over its French counterpart has risen to almost £30 a megawatt hour (MWh), its highest level in three years, according to analysis by the lobby group UK Steel. (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
Related Stories
Revealed: French police used UK-funded 4x4 vehicles to charge student protesters
French government launches investigation into why cars funded by UK to prevent asylum seekers crossing Channel were used in school protests French…
Brexit’s back – but are British voters ready to contemplate a reversal?
Voting to stay in or leave was a once in a generation thing, he said.
UK will not put tariffs on Chinese vehicles, says Jonathan Reynolds
Exclusive: Business secretary says he will not change trade rules due to EU pressure and denies UK will become a ‘back door’ for cheap imports The…
Stellantis and Renault back UK to get EU car industry protection
Bosses of Citroën owner and French carmaker also urge UK government to consider limiting imports from China Stellantis and Renault have backed the…
EU tariffs aimed at China hitting Ukraine, steel boss says
The boss of one of Ukraine's biggest steel companies says the country has been "bundled together" in measures aimed at curbing cheap imports.
Home sellers cut asking prices on 3,000 properties a day
More property asking prices are being cut than at any time in 15 years, data shared with the BBC shows.
India’s Finance Minister blames easy exits and excess liquidity for equity market's underperformance
India's finance minister said that continued capital outflows are one of the biggest risks for the country in 2027.
No agenda, no rush, no leaving San Francisco: Benchmark’s partners on investing in a frenzied market
Benchmark may have grown its funds and swapped out some partners, but onstage the five who are left sounded like friends who just happen to be…