European Stainless Steel Mills Closing Due to Energy Crisis
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European stainless steel mills closing due to energy crisis

September 26, 2022    

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European stainless steel mills closing due to energy crisis - Jindal Stainless

Due to skyrocketing energy prices and weaker demands, many European stainless steel companies are scaling back or shutting down their production. This crisis began when Russia shut down a big gas pipeline indefinitely. In response to the sanctions that the European countries have imposed on Russia due to the ongoing Russia-Ukraine, Russia is using its control of gas supplies to exert pressure on the European countries. 

(Source: Oil Price)


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