A sharp rise in electricity prices has forced Spanish stainless long steel producer Sidenor Aceros Especiales to suspend production, Fastmarkets has heard.
The company will be paying ?,?227 ($263) per MWh in October, but for November and December the power prices have been forecast to surge upward to ?,?284 per MWh. This would be sharply up from last year's electricity price of ?,?60 per MWh.
Such a jump in energy prices will add about ?,?200...