Steel industry: EU Commission takes action to preserve sustainable jobs and growth

March 16 2016

The European Commission has presented today a Communication setting out how the European steel sector can overcome its short-term and long-term challenges with the support of the Member States and the EU institutions.

A joint effort is needed to overcome these serious challenges fuelled by global overcapacity, a dramatic increase of exports and an unprecedented wave of unfair trading practices. High energy costs and changing market conditions require energy-intensive industries to adapt and innovate to ensure their long-term competitiveness and sustainability.

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