Power Outages Inflict Weekly Losses Worth $235 Million on Steelmakers

Deputy Industries Minister Saeed Zarandi said losses inflicted by power outages on steel mills affiliated to the Iranian Mines and Mining Industries Development and Renovation Organization have been estimated  to reach $235 million per week.
Summer demand has led to severe power and water shortage in the past few months in most regions, resulting in blackouts and dry taps.
Electricity consumption on June 20 surpassed 62,000 MW, which record followed high temperatures that drove public electricity consumption to new heights nationwide, Mehr News Agency reported. 
As the manufacturing of steel and cement is an energy-intensive process, the factories involved were restricted by Iran Power Generation, Distribution and Transmission Company (locally known as Tavanir) and have been only allowed to work at limited capacities during specific hours.