Italian steelmakers halt production over high energy costs
Major Italian steelmakers are halting production as surging electricity and gas prices make operations unsustainable. Industry group Federacciai warns of severe repercussions for the broader sector.
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Major Italy steelmakers have halted or are progressively shutting down production as electricity and gas prices make operations economically unsustainable, industry lobby Federacciai said on Tuesday afternoon. The association warned that high energy costs are undermining the competitiveness of domestic manufacturers compared with European rivals. The crisis threatens broader industrial repercussions across the country's manufacturing sector.
