It assures that Iberdrola – of which Sidenor is not a client – are offering it competitive prices that have been fixed for some time. Furthermore, it considers that the rise in prices is “disproportionately inexplicable” and does not correspond to the increase in energy prices.
The company Iberdrola has asked Sidenor to lower steel prices in order to continue competing in the development of global wind energy and specifically in the installation of offshore wind farms.
On October 28, the CEO of Iberdrola Spain, Ángeles Santamaría, and the chairman of Sidenor, José Antonio Jainaga, publicly disagreed on the increase in energy, which for the electricity company has only affected less than 10% of its clients and for the steel industry, it will lead to the closure of industries in six months.
This Tuesday, Iberdrola sources have assured that numerous clients of the Basque steel company have considered that it should lower prices, since they are observing an increase that they consider “disproportionately inexplicable” that does not correspond to the increase in the prices of the Energy.
These power company sources believe that Sidenor is selling its products with competitive power supply prices closed for some time. “There are no objective reasons to charge steel prices as it is charging them,” they say.
They add that the electric ones, among which is Iberdrola -of which is not a Sidenor client- are offering to the company chaired by Jainaga fixed competitive prices for a long time.
According to these sources, Iberdrola offered Sidenor a price of € 40 / MWh for 10 years, and Sidenor declined to accept the proposal.. The Basque energy company has reached agreements with other steel companies in the Basque Country to set prices until 2023.
The power company has concluded by ensuring that fixed prices are possible if there are no drawdowns or auctions in the market that imply a greater risk in business costs, something that each company decides freely.
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