EconomyElectricity costs leave UK steelmakers at their biggest disadvantage against EU rivals in three years
UK Steel says British steelmakers now pay almost £30 per megawatt hour more for electricity than French counterparts, the widest gap in three years. The US-Israeli war on Iran has pushed up global gas prices, worsening the cost disadvantage. The lobby group calls for direct subsidies, while the government says it is cutting manufacturers’ electricity bills.
TThe Guardian★★★☆☆2026-10-18 23:01Original
Electricity costs leave UK steelmakers at their biggest disadvantage against EU rivals in three years
Economy