Strangled by soaring energy prices, steelworkers call on Europe for help
[ad_1]
Soaring prices have already forced them to reduce production capacity in aluminum and zinc by 50%.
It is a very alarmist letter that 40 European manufacturers of non-ferrous metals (aluminum, zinc, copper, lead, etc.) sent on Wednesday to Ursula von der Leyen, President of the European Commission. It is, they write, “sound the alarm about the worsening energy crisis in Europe and the existential threat to our future”. Not less. In question, of course, the surge in energy prices in Europe, both gas and electricity.
Read alsoEurope fears a Lehman Brothers energy
The impact of this crisis is already very real. Industrialists observe “a 50% reduction in aluminum and zinc production capacities in the European Union, as well as capacity reductions in silicon and ferroalloys and impacts on the copper and nickel sectors”. And the movement could amplify with winter, the time of year when energy prices are generally the highest. “The coming winter could deal a decisive blow to many of our operations”warns the letter…
This article is for subscribers only. You have 69% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for €0.99 for the first month
Already subscribed?
Login
[ad_2]
Source link
