• EN
    • ES
  • About YIEH
  • About YIEH
    • About Us
    • Vision & Values
    • Affiliate Companies
    • Office Branch
    • Privacy Policy
    • Certificates
  • Products
    • Stainless Steel
    • Stainless Steel Hot Rolled Coil
    • Stainless Steel Cold Rolled Coil
    • Stainless Steel Strip
    • Stainless Steel Plate
    • Stainless Steel Checker Plate
    • Stainless Steel Sheet
    • Pre-painted Stainless Steel Coil / Sheet
    • Carbon Steel
    • Carbon Steel Hot Rolled Coil / Strip / Plate / Sheet
    • Carbon Steel Cold Rolled Coil / Strip / Sheet
    • Coated Steel
    • Hot-dip Galvanized Steel
    • Hot-dip Galvalume Steel / Hot-dip Galfan Steel (GL / GF)
    • PPGI / PPGL / PPGF
    • Electro Galvanized Steel (EGI)
    • Aluminum
    • Aluminum Sheet / Plate
    • Aluminum Coil / Strip
    • Aluminum Foil
    • Aluminum Tread Plate
    • Aluminum Embossed Coil
    • Aluminum Disc
    • Aluminum Customized Profile
    • Aluminum Architectural Profile
    • Aluminum Industrial Profile
    • Aluminum Channel
    • Color Coated Aluminum Coil / Sheet
    • Pipe/ Tube
    • Stainless Steel Welded Pipes / Tubes
    • Stainless Steel Seamless Pipes / Tubes
    • Carbon Steel Welded Pipes / Tubes
    • Carbon Steel Seamless Pipes / Tubes
    • Alloy Steel Seamless Pipes / Tubes
    • High Steel Grade Line Pipes
    • Aluminum Tube / Pipe
    • Bar
    • Stainless Steel Bar
    • Carbon Steel Bar
    • Hot Rolled Reinforcing Bar
    • Special Steel Bar
    • Aluminum Angle Bar
    • Aluminum Flat Bar
    • Aluminum Square Bar
    • Aluminum Round Bar
    • Wire Rod
    • Stainless Steel Wire Rod
    • Stainless Steel Wire
    • Carbon Steel Wire Rod
    • Galvanized Steel Wire Ropes
    • PVC Coated Galvanized Wire Ropes
    • Ungalvanized Steel Wire Ropes
    • Others
    • Recycling
    • Silicon Steel
    • Titanium / Nickel & Alloy
    • Abrasion Resistant Steel
    • Micro-alloyed Steel
    • Seamless and Welded Butt Weld Fitting
    • Forged Flanges
    • Stainless Steel Screws-YCS 550
    • Fasteners Solutions
  • Steel News

    Yieh Steel Market News

    LME Official Price Info

    Top Headline

    Nickel prices rebound on LME amid falling dollar & stabilized stainless futures, oversupply concerns persist
  • Customer Service
  • Marketing Platforms

    Coil Exchange Center

    CEC Q&A

    Why YIEH's Offer

    YIEH's Offer

  • Register
  • Inquiry
  • Catalogue
  • Privacy
    Catalogue Inquiry
    English Español

Steel News

We strive to let you one step ahead of the market.

Home Steel News Aluminum production cuts in Europe continue in spite of relief from high electricity prices
  • Topic
  • Region
The Latest Stainless Steel Carbon Steel Aluminum Longs, Pipes, Tubes Raw Materials Industrial Activities Government Policies Decarbonization Others
Asia & Pacific China Middle East & Central Asia Europe Africa North America South & Central America Global

Aluminum production cuts in Europe continue in spite of relief from high electricity prices

23 Mar 2023 16:51 reported by Cassie Chen

A A A
Up to half of European aluminum capacity has been cut over the past two years as soaring electricity prices cut into the profits of all but the lowest-cost producers. But the cuts are still continuing even as electricity prices have come back down. Prices have not recovered from the steep fall that began a year ago, despite all the capacity being taken offline.

Due to high electricity prices since the end of 2021, European smelters have cut their annual aluminum capacity by more than 1 million tons. Average monthly wholesale electricity prices peaked in August last year, in some cases 10 times higher than two years ago.

Even with the fall in electricity prices, producers' margins are still insufficient. Electricity prices in Europe are still three times higher than they were two years ago. Aluminum prices have not recovered enough to save producers' profit margins, or even at all.

The latest cuts in European aluminum production may have less to do with electricity prices than with a structural shift in primary production eastwards.

Back to Steel News

Related News

WBMS: Global primary aluminum market has surplus of 277,300 tons in Mar

  • Aluminum
  • 22 May 2025 14:52

Hydro to close UK extrusion plant due to difficult market conditions

  • Aluminum
  • 22 May 2025 14:51

Hindalco reports strong profit growth in Q4 FY2025

  • Aluminum
  • 22 May 2025 14:49

Guinea revokes some of mining licenses, including bauxite, amid growing resource nationalism

  • Aluminum
  • 22 May 2025 11:06

IAI: Global primary aluminum production rises in Apr y-o-y

  • Aluminum
  • 21 May 2025 14:56

Metal Price Index

  • Created with Highcharts 4.0.41. Apr1. May1. Jun13k14k15k16k17k
  • Created with Highcharts 4.0.41. Apr1. May1. Jun2400260028003000
  • Created with Highcharts 4.0.41. Apr1. May1. Jun2200240026002800
  • Created with Highcharts 4.0.41. Apr1. May1. Jun800085009000950010,00010,500
  • Nickel
  • Zinc
  • Aluminum
  • Copper

Learn more

LME Official Bid Price

  • USD / MT
  • Cash
  • 3 Months
  • Zinc
  • 2,661.50
  • 2,688.00
  • Aluminum
  • 2,445.00
  • 2,457.00
  • Copper
  • 9,492.50
  • 9,461.00
  • Nickel
  • 15,200.00
  • 15,400.00

Learn more

No 6, E-Da Road, Yanchao Dist., Kaohsiung City, Taiwan, 82445 R.O.C.

About YIEH Register Inquiry EN ES
Copyright © Yieh Corp. All Rights Reserved.