US EditionEU will push for green steel as a pillar of industrial revival
4 Articles
4 Articles
EU will push for green steel as a pillar of industrial revival
The European Union will put so-called green steel at the center of its pitch to revive the continent’s industrial fortunes as it comes under pressure to stay competitive with the U.S. and China.
With »Buy European« rules, Brussels wants to help the domestic industry. But the EU Commission is now focusing on green rather than regional production. The industry is angry.
In future, the EU Commission will link public contracts to environmental and origin requirements. Only, according to information provided by the Handelsblatt Europass Stahlunternehmer, will not benefit from this.
The European Commission intends to relax future requirements for the use of green steel in public contracts. This is according to a Commission document reported by the Handelsblatt (Thursday edition). While a certain percentage of the steel used must still be produced in a climate-neutral manner, it will no longer be mandatory that it be manufactured within the EU. Specifically, the proposal stipulates that at least 25 percent of the steel used …
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