01
Jul
15:57
Power price surge stops German mill
A freak movement in electricity spot prices on European power exchange Epex Spot last week forced German rebar mill Feralpi Stahl to interrupt its production for a full day.
In the morning of 26 June, prices on Epex Spot surged to a value of nearly €3,000 ($3,223) per MWh, before falling back to around noon to a normal value of below €50. They saw another unusual peak in the evening hours of that day. According to reports, the incident was caused by an I…
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Anonymous
Very good overview of the weekly steel market.
Anonymous