Particle.news
Download on the App Store

Merz Calls Steel Summit for Nov. 6 at the Chancellery

Berlin signals a push to lower industrial power prices to protect steel jobs.

Overview

  • A government spokesman confirmed invitations to cabinet members Lars Klingbeil, Katherina Reiche and Bärbel Bas, industry representatives, and the minister-presidents of North Rhine-Westphalia, Lower Saxony, Brandenburg and Saarland.
  • The agenda focuses on resilience, trade relations and energy costs, with the stated goal of preserving domestic steel production and employment.
  • The sector faces weak demand from the auto industry, elevated energy prices, cheaper imports—particularly from China—costly decarbonisation investments and U.S. tariffs.
  • The European Commission proposed in early October to roughly halve duty-free steel import quotas and to raise the out-of-quota tariff to 50 percent, pending approval by EU member states.
  • The federal government is developing a subsidised industrial electricity price as a potential relief measure for energy-intensive producers.