UK steel industry faces high electricity prices, foreign trade challenges in 2022
Time:Tue, 11 Jan 2022 09:25:02 +0800
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British steel association UK steel said that although the recovery of British steel production and demand after the epidemic should continue through 2022, the uncertainty and other issues could dampen the trend.
An important issue that the UK government should address is the surge in electricity prices to maintain the development of domestic steel manufacturers.
Other issues included how the government handles project steel purchases and the impact of the EU-US Section 232 tariffs agreement.
UK steel experts said that more worrying is that the deal between the US and the EU has possibilities to harm UK exports of semi-finished products to the EU, where they are processed and re-exported to the US.
