ArcelorMittal and Thyssenkrupp drive European steel crisis
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Update time : 2024-11-27 15:59:03
The European steel industry faces a deepening crisis as Thyssenkrupp Steel announces 11,000 job cuts and ArcelorMittal indefinitely delays green investments in Direct Reduced Iron production, citing EU energy policies.
Site closures in Germany and France add to concerns, with unions highlighting 100,000 steel job losses over the past 15 years.
IndustriAll Europe calls for urgent EU action, emphasizing steel’s strategic importance for energy transition and industrial sovereignty. They advocate for a robust European Steel Action Plan within 100 days, mandatory social conditions for state-supported companies, and a moratorium on forced redundancies.
Judith Kirton-Darling, industriAll Europe’s General Secretary, warns that decarbonization must not lead to deindustrialization, urging immediate measures to save jobs and safeguard Europe’s industrial future.
