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【Ferro-alloys.com】: The industry faces high energy prices and excessive regulation

Europe must protect its struggling steel sector or risk undermining its efforts to strengthen its defense capabilities, according to Petr Popelár, chairman of Moravia Steel, as reported by Bloomberg.

He called for the introduction of import tariffs and quotas, as well as increased state funding to help the industry achieve its environmental goals.

Popelar noted that EU metallurgical companies face excessive regulation, high energy prices, and unfair foreign competition.

“Europe should be interested in keeping as much steel production capacity as possible so that strategic sectors such as defense and infrastructure don’t depend on imports from countries that aren’t our geopolitical allies,” he explained.

• [Editor:Alakay]