NewsWorldFinding of HN: The top employer in Orava shuts...

Finding of HN: The top employer in Orava shuts down two thirds of production – HNonline.sk

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We immediately shut down more than half of our production. This is the sudden decision of the producer of ferroalloys from Orava OFZ. He has long drawn attention to rising energy prices, which form an important part of production inputs. Due to the sudden increase in prices, they destroy any chance of competitiveness and profitability in the plant.

The reason for the radical verdict is the sharp rise in electricity prices on commodity exchanges. On Tuesday, it already exceeded the amount of 300 euros per megawatt-hour.

Similar problems also plague Slovalco:

A year ago, these prices were around 45 euros.

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