17
Dec
15:54
Higher electricity costs hit Malaysian mills
Malaysian steel mills will face a surcharge on electricity which takes effect in 2023, Kallanish notes. This will further burden the industry, which is already facing weak demand, steel prices and low utilisation rates.
The mills, which fall under medium and high voltage users, will face a surcharge of MYR 0.2/kWh ($0.045/kWh). The electricity tariffs are effective from 1 January to 30 June 2023, according to a 16 December statement from Malaysia’s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous