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European power prices now ~300% above US levels, benefitting US metals makers

Mar. 04, 2022 8:59 AM ETAA, NUE, CENXBy: SA News Team52 Comments

Electroarc furnace at metallurgical plant

scanrail/iStock via Getty Images

  • Electricity throughout Western Europe traded ~€360/MWh Friday, as sky high thermal coal and natural gas prices raised feedstock costs for utilities across the continent.
  • In the US, where natural gas continues to trade near historically low

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