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British Steel Lobby: Possible Closure of Factories Due to Energy Crisis

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Rising prices for electricity and natural gas can lead to expensive closures of steel plants. However, the lobby group of the British steel industry warns against this.

 

The closures could have an impact on the UK economy and could also lead to job losses in the UK.

In addition, shutdowns can damage equipment and increase costs, the lobby group said. This can lead to “poor environmental performance with higher emissions”. So the steel industry is calling on the British government to help.

For example, London could provide a fixed amount of capacity for a low price. According to the industry, if prices continue to rise, it will become impossible to make profitable steel.

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