Samnytt reported that the electricity crisis has hit auto steel forging company Bharat Forge in Karlskoga in Sweden as it risks being forced to shut down operations. The furnaces at Bharat Forge are electric and consume about 60,000 megawatt hours per year. The high electricity prices have increased production costs by many millions in a short time. Now there is panic within the company both among the management and among the employees.Bharat Forge Site Manager Mr Niklas Blom said “We cannot bear these costs, it is completely impossible. Continued production depends on negotiating new agreements with customers, which is a challenge as companies can always choose to place production in other countries. Production can be moved to low-wage countries.”Two water-driven hammers were erected at the Bofors Boo river in 1646 and was was owned by Mr Alfred Nobel until 1896. Bharat Forge acquired Imatra Kilsta AB along with its wholly owned subsidiary, Scottish Stampings in Scotland in 1997. The company name was changed to Bharat Forge Kilsta AB. Bharat Forge in Karlskoga manufactures, among other things, crankshafts and front axle beams for Volvo and Scania.