Scholz promises help for steel industy, urges EU action DW 12/09/2024
Briefly

"Chancellor Olaf Scholz pledged to support Germany's heavy industry in light of high energy costs, promising competitive energy prices and a fairer international framework for steel."
"During a meeting, Scholz emphasized his commitment to keeping energy costs low and modernizing production as the industry faces challenges from low-cost Asian competition."
"Scholz aims to cap electricity transmission costs at three cents per kilowatt hour while seeking to finance transmission grid costs to prevent fee increases in 2025."
"The Chancellor also called for EU-level protection measures to address competition distortions from dumping and to ensure the industry can stabilize and thrive."
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