UK Steel Faces Worst Cost Gap Against EU Rivals in Three Years

British steelmakers face a widening cost disadvantage versus European competitors, with electricity premiums over French rivals rising to nearly £30/MWh amid global gas price volatility. The gap reflects structural differences in energy markets and geopolitical tensions affecting commodity prices. This threatens UK steel competitiveness as domestic producers face higher operating costs than EU counterparts.

Byte's take

Britain's steel industry is learning that leaving the EU's energy bloc carries a steeper price than tariffs ever did.