Can Germany's steel industry survive deepening cost crisis?
Uniunea Europeana
ThyssenKrupp is scaling back steel production in Duisburg and plans to cut or outsource 11,000 jobs, reflecting the broader crisis in Germany’s steel industry. Cheap steel imports from Asia, rising energy costs , and high US tariffs are putting pressure on EU producers, with one-third of steel used in the European Union now coming from outside the bloc. Germany is investing nearly €7 billion ($8 billion) to restructure its domestic sector, including subsidies for green steel technologies such
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