Business · 2 hours ago
UK Steelmakers Pay £30 More for Power Than French Rivals
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British steelmakers pay almost £30 per megawatt hour more for electricity than their French rivals, the widest gap in three years, according to analysis by lobby group UK Steel. It blamed soaring gas prices after the US-Israeli war on Iran and the closure of the Strait of Hormuz. UK Steel wants a government-backed price cap costing about £51m a year, saying direct subsidies are needed.
Reported by The Guardian · How we write briefs