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Energy-intensive UK manufacturers, including producers of steel, glass, ceramics and paper, have warned the government that they may have to halt production if nothing is done to tackle the rising prices of big gas.
Wholesale gas prices have risen 400% this year in Europe, in part due to low inventories and strong demand from Asia, which have put particular pressure on energy-intensive industries.
Industry executives held talks with Business Minister Kwasi Kwarting on Friday, but said the talks ended without immediate solutions.
“If the government does not take action, what we will see mainly for the steel industry, are more production stoppages at certain times of the day and those stoppages will become longer later.”
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