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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

UK steel industry calls for capped energy prices amid Trump trade war

UK Steel United Kingdom United States Donald Trump France Germany Electricity Baringa
Steel plant in Port Talbot
Figures suggest UK companies will pay about £68 a megawatt hour (MWh) for electricity this year, compared with £44 in France and £52 in Germany. Photograph: Chunyip Wong/Getty Images

The British steel industry has called for capped energy prices for heavy industry in order to match France and Germany, as companies grapple with the fallout from Donald Trump’s trade war.

UK Steel, a lobby group, has proposed the government set a maximum price for energy through a contract for difference (CfD), before an announcement of a new steel strategy.

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