Alert! Global Energy Prices Are Soaring As The Global Economy Is In Turmoil!

The domestic epidemic is backfiring and the international situation is not optimistic in the near future.

With the situation in Russia and Ukraine not getting significantly better, it has stimulated a continued rise in energy prices. This has caused a shock to the European manufacturing industry. Many factories have recently announced production cuts or shutdowns.

The recent spike in oil and gas prices has caused many business operators to feel the pressure.

According to the American Broadcasting Corporation website reported on the 13th, the head of an Italian paper company recently said that high energy prices squeezed the profit margin of enterprises. If they want to achieve profitability, they will have to raise the price of paper from 680 euros per ton, about 4,700 yuan, to 1,200 euros, about 8,300 yuan.

But such an increase in price would obviously leave his company's goods "unattended".

In order to avoid further losses, he has recently decided to close six of the company's factories.

In addition, a number of steel plants in Italy have also recently announced a temporary suspension of production. Some companies have said they plan to wait until gas prices have subsided before restarting full production.