Europe Scrambles To Revive Metals Industry

From oilprice.com

The European Union is looking to prop up Europe’s steel and metals industry with a new action plan. Sector organizations welcome the plan, but say the crisis that began with spiking energy costs at the end of 2021 now needs to be addressed with urgent actions if the EU has a chance to regain at least part of its competitiveness from before the energy crisis. The high energy costs that have crippled the European metals industry have now combined with the U.S. tariffs to further undermine Europe’s steel and aluminum sectors, which have been in crisis for three years. The EU needs to move from the action plans to ... (full story)