German steelmakers, including Thyssenkrupp Steel Europe and Salzgitter, have called for the rapid implementation of the EU Steel Action Plan. This initiative aims to address challenges such as high energy costs, unfair trade practices, and the need for decarbonization.
Industry leaders emphasize the importance of strengthening EU trade defense tools, closing loopholes in the Carbon Border Adjustment Mechanism (CBAM), and recognizing steel scrap as a strategic resource. They also advocate for creating leading markets for low-carbon steel products to support the green transition.
The steelmakers stress that timely action is crucial to ensure the competitiveness and sustainability of the European steel industry in the face of global market pressures.
