Globalization scheme is ending Europe needs to protect itself.
China shall suffocate under their dumping and overcapacity eventually.
They even sell the steel below production prices those nifty commies as if that is reasonable. Only to deindustrilize the capitalist enemy it makes sense.
Commies always loved to have all production means belonging to the party to control everybody.
Hence put up tariffs subsidise some industries and shut them out. Can then produce as much steel as they please for whomever they can sell it to.
“We must continue to reduce energy costs and improve the conditions of competition and give a clear European response to global overcapacity and dumping prices. We want a clear focus on climate-friendly quality steel from Germany and Europe. For our infrastructure and defence, in the automotive industry and in other important areas, we want domestic and European steel to be used as a priority.”
The German government will lobby the European Commission for measures to support the German steel industry, as its existence is under threat, while competitive electricity supply remains critical, German Chancellor Friedrich Merz said after the “c” he hosted in Berlin on Thursday. “The European...
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