According to the reports by Reuters Britain’s energy-intensive manufacturers, including producers of steel, glass, ceramics, and paper, have warned the government that unless something is done about soaring wholesale gas prices they could be forced to shut down production.
The gas prices have increased 400% this year in Europe, partly due to low stocks and strong demand from Asia, putting particular pressure on energy-intensive industries.
A talk was held between the business minister Kwasi Kwarteng and Industry bosses.
Gareth Stace, director-general of UK Steel told “If the government doesn’t take any action then basically what we’ll see for the steel sector is more and more pauses of production in certain times of the day and those pauses will become longer,”
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