18
Oct
11:31
German sheet formers fear insolvencies amid power costs
For more than half of Germany’s sheet forming processor companies, electricity contracts with their current suppliers may not continue into 2023.
According to a recent survey by the Sheet Metal Forming Industry Association (IBU), new contracts for 2023 are not in sight for over 50 of some 100 companies that took part in the poll.
The problem was recently brought up by IBU’s umbrella organisation, steel fabricators federation WSM, and its managing dire…
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Anonymous
Very good overview of the weekly steel market.
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