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Eurofer warns the EU’s steel industry could disappear.
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“The steel industry in western Europe, to a high extent, will disappear in the next fifteen years or so because it is no longer cost competitive” unless it restructures in terms of costs and capacities, Eurofer president Wolfgang Eder warned yesterday.
Speaking to Platts on the sidelines of a round table regarding the future of the European steel industry at the European Commission in Brussels, Eder said industry leaders, trade unionists and government ministers had to support each other to tackle the underlying problems. “What we have agreed today is identifying that we have an agenda outlining the key problems, the key issues which have to be tackled. And where we try to find solutions, the idea is to come to conclusions – at least in most areas,” he said.
Source: Platts
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