11 years after the Treaty establishing the European Coal and Steel Community expired, the European Commission presented, this Tuesday, its new action plan for the European steel industry. The goal is to help the sector remain competitive in spite of current low demand and global overproduction. The plan also provides for measures to support employment and accompany restructurings so that skilled workers won’t leave the European Union. (Ref. 130392)
When steel is down, Europe is down. Once more, Europe has overcapacity problems, but the Commission doesn’t have the tools it had at the time when Etienne Davignon came up with the first Steel Plan in 1977. With 360,000 workers, sales around €170 billion and a position in the manufacturing chain before the other sectors, the steel industry is strategic for the European economy. Closely linked with many other industrial sectors such as manufacturing, construction, electronics, mechanics, elec
…Do you have information to share with us?