Spot prices for electricity and natural gas across Europe have increased sharply in October and are expected to remain volatile
until the end of the year at least.
Notably, steelmakers claim that electricity prices in Europe jumped to about €150-230 ($173-266) per MWh in October, while in November it could be €250-300 per MWh. This is sharply higher than last year’s electricity price of €50-60 per MWh.
European mills that use electric-arc furnaces...