Electricity costs put UK steelmakers in worst position in three years against EU rivals
Premium paid over French counterparts has risen to almost £30 a megawatt hour, analysis by lobby group finds British steelmakers have been pushed further behind European rivals on electricity costs after the US-Israeli war on Iran caused a surge in global gas prices. The premium paid by the British industry over its French counterpart has risen to almost £30 a megawatt hour (MWh), its highest level in three years, according to analysis by the lobby group UK Steel.
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The GuardianSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-19. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.