ArcelorMittal warns on energy prices in Romania

Newsroom 25/02/2013 | 07:00

Steelmaker ArcelorMittal Galati warned the spike in energy prices due to the renewable support scheme and the deregulation of domestic gas prices may hinder its activity in the country.

ArcelorMittal is one of the biggest energy consumers and operates one of the largest industrial units locally.

The company is concerned by the final price of electricity that includes additional costs such as transport, green certificates, co-generation and excises.

“For us, these evolutions require an urgent rebalancing so as not to lose the sustainability of our industrial activity in Romania,” said the steelmaker in a statement. It added companies in the steel business need fair prices on energy to remain competitive and to keep jobs locally.

ArcelorMittal successfully placed last week bids on the energy stock-exchange OPCOM to cover its electricity consumption in the March 2013 – September 2014 period. It paid around EUR 77 million for electricity from state-owned nuclear producer Nuclearelectrica.

Ovidiu Posirca

BR Magazine | Latest Issue

Download PDF or read online: September 2022 Issue | Business Review Magazine

The September 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Transilvania Investments paves its way to a sustainable
Newsroom | 21/09/2022 | 14:17

You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

I agree with the Privacy policy of
I agree with the storage and handling of my data by

Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue