Germany's Steel Association says against the general backdrop and given specific Middle Eastern uncertainties, decisive industrial policy measures must now be taken to stabilise energy prices
Newsquawk Staff ·
- Goal must be an internationally competitive and reliable electricity price for industry of EUR 50/MWh all-inclusive, including expenses
What it means
Germany's Steel Association is signaling that significant industrial policy measures are needed to stabilize energy prices amid Middle Eastern uncertainties. This call for a competitive electricity price of EUR 50/MWh reflects the challenges facing the industry and could indicate potential support measures that aim to control costs, impacting both steel production and energy markets.
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