UK steelmakers face worst electricity cost gap versus Europe in three years
UK steelmakers face their worst electricity cost disadvantage versus European rivals in three years, with a premium over French counterparts rising to nearly £30 per megawatt hour. UK Steel's analysis blames reliance on gas-fired power generation amid global price surges. The gap threatens Britain's steel exports, worth approximately £3 billion annually, as the government seeks to reindustrialise manufacturing.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 18 Oct 2026, 23:01 UTC · Updated 18 Oct 2026, 23:10 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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