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29 Mar

Aperam invests to reduce energy consumption

Aperam is investing in upgrades at its facilities to reduce energy consumption by 30%, with the aim of improving the energy mix and reducing its exposure to price volatility. This comes after it was strongly impacted by energy prices, particularly during peak prices in summer 2022, Kallanish notes. The firm procures its energy thanks to forward hedges, spot and fixed-price contracts, it says in its annual report. In 2022, spot prices for natural gas TTF increased…
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