Federacciai's alarm for energy prices, Giorgetti: 'There is attention, it is impossible to compete'

"Italy is a large manufacturing country, the network of small and medium-sized enterprises has incredibly brilliantly overcome the crisis of the tariff war on duties, but objectively, unfortunately, I read yesterday's Federacciai statement with great attention, that is, with energy prices of this type it becomes impossible to compete on an international level". Economy Minister Giancarlo Giorgetti said this at the Sole 24 Ore forum 'The country that changes'.

Therefore, "for a country which is nevertheless suited to exports and which can promote its growth through exports, we need to stabilize the situation" of energy. The association raised the alarm by speaking of a "dramatic situation" and of companies in the sector that "have already stopped or are stopping the plants".

The main steel companies associated with Federacciai have already stopped or are progressively stopping production due to the unsustainable increase in electricity and gas costs, which is putting the competitiveness of the entire sector at risk. In light of the gravity of the situation, the association belonging to Confindustria has announced that it will ask for a meeting with the trade union organizations Fiom, Fim and Uilm in the next few days, to represent the difficulties that the sector is going through and share concerns about the consequences on the stability and competitiveness of the national steel industry.

"At current price levels, continuing production activity for prolonged periods is economically unsustainable, resulting in a serious competitive disadvantage compared to European competitors. A particularly paradoxical situation for the Italian steel industry which, despite being among the most decarbonised in Europe, is among the most penalized by the high costs of electricity." Federacciai concludes.