4,934.09 TL BIST 100 BIST 100
18.82 $ USD USD
€20.49 EUR EUR
€1.09 EUR/USD EUR/USD
8.59 TL Interest Interest
85.55 $ Fossil Oil Fossil Oil
4.20 $ Copper Copper
23.67 $ Silver Silver
128.78 $ Iron Ore Iron Ore
406.00 $ Ship Dismantling Ship Dismantling
1,164.56 TL Gold (gr) Gold (gr)

Energy crisis break for German aluminum giant

The energy crisis continues to negatively affect industrial production across Europe. Finally, the aluminum producer Speira GmbH announced that it will reduce its production in Germany by 50 percent due to the increase in energy costs.

Energy crisis break for German aluminum giant

The energy crisis continues to disrupt industrial production in Germany, Europe's motor economy.

Aluminum producer Speira GmbH said it will reduce production in Germany by 50 percent due to rising energy costs.

The restriction adds to the excessive bill the energy crisis has placed on the European metals industry, one of the largest consumers of industrial energy and gas. While the region's aluminum and zinc production capacity has fallen by nearly 50 percent over the past year, industrial groups have warned that shutdowns may be prolonged during the winter months.

Attention is at the summit where energy ministers will come together
Warnings from industrial companies in Europe that winter shutdowns could be extended are putting pressure on politicians ahead of a meeting of energy ministers in Brussels on Friday.

It is stated that emergency response plans will be prepared to reduce the impact of sharp increases in electricity and natural gas prices in the European Union on industry, businesses and households.

The need for action has been felt more strongly in the EU after Russia stopped the flow of gas in Nord Stream indefinitely last week.

It is stated that unexpected taxation from companies with high profits can be introduced to help households facing problems such as rising costs and a recession that spreads throughout the union.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

UK plans to impose carbon tax on steel imports

Wednesday, January 25, 2023

Australia demands that coal miners set aside some of their production for local needs

Sunday, January 22, 2023

Window, Door and Glass Sector Focused on This Fair

Sunday, January 22, 2023

Severstal, NLMK and MMK are trying to resolve the dispute with FAS

Friday, January 20, 2023

European Parliament votes for Waste Shipment Regulation

Thursday, January 19, 2023
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Feedback
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now