High UK energy prices a rolling concern for TATA

Indian steelmaker TATA claims it is paying double the price for energy to run its factories in the UK compared with Europe. The manufacturer complained it was under tough pressure […]

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By Vicky Ellis

Indian steelmaker TATA claims it is paying double the price for energy to run its factories in the UK compared with Europe.

The manufacturer complained it was under tough pressure on the energy front yesterday as Energy Minister Greg Barker toured its Corby steelworks in Northamptonshire.

This isn’t the first time it has raised concerns, warning before the 2013 Budget it is paying 50% more for British electricity than it has to in Germany and France.

The difficulties facing steelmakers in the UK haven’t passed the Government by. The Chancellor outlined a package to help energy intensive users in the latest Budget and BIS has given evidence to a government committee highlighting Tata Steel Europe’s plan to cut 900 UK jobs, announced in November 2012.

However the firm is clearly keen to keep the issue on the agenda so ministers don’t forget.

Remco Blaauw of TATA Steel told the BBC: “We have fierce competitors across Europe and also outside of Europe. Every support we can get we really need.”