Will the energy crisis crush European industry?
LogiStan | Very interesting experience - European industry trying to cope with energy shortages. Already shut down:
● almost 10% of EU steel mills
● 50% of EU primary aluminium production.
● 27% of EU silicon and ferroalloys production
● 20% of EU fertiliser production
Financial Times: 💬 "Large companies are cutting production in some sectors because of power shortages, even though winter is not yet here. And the heads of chemicals, fertilisers and ceramics companies are warning that they could lose their steady market share and will be forced to shift some production to other countries that can offer cheaper and more reliable energy supplies." (Translated with www.DeepL.com)
Dutch limit Groningen gas production despite energy crisis (Reuters)