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12 May
15:57

UK energy policy needs accelerating: UK Steel

Trade association UK Steel has reiterated that measures to boost competitiveness need accelerating as high energy prices and weak demand are taking an enormous toll on the steel industry. UK steel production in 2022 was 6 million tonnes, down 17% on-year to the lowest level since the Great Depression. Steel trade activity reduced both in the UK and globally as supply chains were disrupted and demand reduced. UK steel demand last year fell…
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