In a briefing document, UK Steel said surging gas prices may mean some plants have to halt production"for increasingly extended periods with the consequences not only for individual companies but also UK steel supply to the UK economy and UK jobs".to restart production at its Rotherham plant, which has been closed since the spring.
Steel is one of a number of energy intensive industries also including chemical and fertiliser makers that have asked for government support amid surging gas prices, which hitPlease use Chrome browser for a more accessible video playerMr Stace said:"The last thing that we need right now is for government to sit on its hands on this energy crisis, offer no support for the steel industry, and undo all the good work here that the steel industry is trying to do in helping the UK economy.
"If the prime minister doesn't step in, then his ambition... of a high-wage economy and levelling up will actually be in tatters." Mr Stace claimed that government policies meant that the UK steel sector already faced energy prices 80% higher than rivals in Germany.
Lol all the big companies wanting help getting help yet they take 80 a month off people who struggle
Ahhh, I get it now. This is what they meant by 'Green Steel'.
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Source: The Independent - 🏆 80. / 59 Read more »