【Ferro-alloys.com】:European steelmakers have called on governments to take action against soaring electricity prices, which they say are hurting the competitiveness of the sector.

In June and July, European steel industry associations voiced their concerns over the high electricity prices impacting the sector's competitiveness.

Reasons cited for the price surge included increased demand due to higher average temperatures in the second half of the month, a decrease in wind energy production, unstable solar energy generation throughout the month, volatile gas prices, and rising CO2 emissions.

ln response, countries such as ltaly, through Federacciai and Assofond, called for urgent measures to reduce energy costs and align them with other European countries. The Federacciai President stated that a plan to support energy-intensive industries had been postponed.
Spain,represented by UNESID, highlighted that energy costs for steel production in Spain were almost double the EU average and recommended that the government use emission trading revenues to offset these costs.

• [Editor:Alakay]