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

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 add about €200...

Published

Julia Bolotova

October 12, 2021

15:40 GMT

Dnipro