How to deal with the shortage of production caused by the European energy crisis?

Recently, due to the 8-month Russia-Ukraine conflict and the coming winter, the European energy crisis has been intensifying. Natural gas prices in many places have reached record highs, and LNG ship freight rates have continued to rise. Experts say the situation may be worse next year.

The serious energy shortage also has a huge impact on European heavy industry.

‘·In early August, Aperam Mill in Belgium, which has an annual capacity of 1 million tons of stainless steel slabs, closed its plant in Genk, followed by a reduction in production at their Chatelet plant.

·The recent announcement by Acrinox of Spain, with an annual capacity of 1.1 million tons of stainless steel, that it will reduce production and allow 85% of its employees to work shorter hours.

·Acciai Speciali Terni, an Italian stainless steel producer with an annual capacity of 1.5 million tons, is also meeting to discuss possible production reductions or shutdowns.’

Various industries report that some manufacturers have planned to cut production capacity due to the soaring cost of energy and raw materials. In the next year or two, European industrial manufacturing may not be able to meet the original demand.

China has started to help them, such as expanding the export of electric heating products, which are cheap and good quality, so that European people can spend the winter well.

As a member of Chinese steel manufacturing industry, MTSCO has also been helping the global industry. At present, our pipeline products have sufficient capacity and can fully meet customer requirements in terms of quality and delivery time. Now It is just before the Chinese New Year and is in the peak purchasing season of the steel industry.

We must seize the last opportunity of 2022 to prevent possible stock shortage in the future. MTSCO will help you solve your problems with professional services and cost-effective products.