JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Europe’s energy-intensive industries are pushing for lower electricity costs to be made a central part of the EU’s upcoming Electrification Action Plan. In a joint position paper, groups representing steel, chemicals, metals, cement, and paper warned that persistently high power prices are undermining industrial competitiveness and putting decarbonization investments at risk. They are also calling for stronger support for electrification projects, faster development of the EU Single Market for Energy, more cross-border electricity interconnections, and greater system flexibility through renewable and low-carbon energy sources. Industry bodies say the EU must strike a better balance between climate goals and industrial viability, or risk losing manufacturing strength to regions with cheaper and more stable energy.
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