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British Steel increased prices for rolled metal products, shifting the rise in energy prices to buyers

Europe / Business and Finance

British Steel is introducing temporary premiums on steel prices for electricity and transportation, which are in place today to avoid rising costs.

British Steel increased prices for rolled metal products, shifting the rise in energy prices to buyers

British Steel is introducing an electricity surcharge of £ 25 per tonne (€ 28.75 per tonne) for all new orders effective from today and a transportation surcharge of £ 5 per tonne (€ 5.75 per ton). Argus agency reports.

Energy prices rose "exponentially during August and September, and forward prices indicate that very high costs will persist during the winter and may increase further," British Steel said in a statement that fell into the hands of reporters. .

Another UK-based blast furnace steelmaker, Tata Steel, also spoke of a critical industry situation last week, advising customers that more expensive energy currently increases the cost of steelmaking by £ 30 per tonne. >

The UK government announced on September 25 that it will issue temporary visas to 5,000 foreign truck drivers to alleviate the driver shortage estimated by market analysts at 100,000. The effect is felt throughout Europe, but has been exacerbated by the aftermath of Brexit in the UK. Baroness Ruby McGregor-Smith, President of the British Chamber of Commerce, said the announcement was insufficient and “tantamount to throwing a thimble of water into a fire.

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