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Saxony Steel Summit Urges Federal, EU Action on Industrial Power Price

A joint positions paper from industry, unions, Saxony officials will be delivered to Berlin this week.

Overview

  • Participants in Freital agreed to press for an affordable, stable electricity tariff for industry to keep steel production in Germany and Europe.
  • The paper calls for extending electricity-price compensation beyond 2026, reducing transmission charges, accelerating permits, and supporting investment.
  • Industry leaders cited falling demand, high energy costs, and cheap imports as key pressures, with German raw steel output down nearly 12% in January–August 2025.
  • Stakeholders are advancing the agenda in Brussels through the Clean Industrial Deal and endorse the Commission’s proposed tariff‑quota approach to match imports to EU needs.
  • Saxony’s steel and metals sector generated about €10.5 billion in 2024 revenue and employs roughly 45,900 people across about 600 companies.