SPD pushes for better protection of steel industry from 'unfair competition' - SPD Unveils Plan to Protect German Steel Industry: Ban Russian Imports, Free US Exports
The SPD has outlined a robust plan to safeguard Germany's industry. It advocates for a strict import ban on Russian steel, even when attempts are made to circumvent the ban via third countries. The party also calls for tariff-free steel exports to the USA through a balanced steel and aluminum agreement.
The SPD emphasizes the strategic importance of a European steel supply, particularly for security and defense industries and the energy sector. It aims to significantly reduce steel imports to protect domestic value creation and criticizes 'dumping prices' and 'state-supported overcapacities' in other parts of the world as threats to the industry.
The party stands by steel industry employees and demands federal funds to support the industry's transition to climate neutrality. It calls for an industrial electricity price that relieves the steel industry and a long-term reduction of energy and system costs. The SPD also insists on driving the environmentally friendly restructuring of the steel industry and supports the use of natural gas as a transition fuel. Additionally, the SPD wants the federal government to actively support the EU Commission in protecting against unfair trade practices and subsidized overcapacities.
The SPD's plan includes a strict import ban on Russian steel, tariff-free exports to the USA, and significant reduction of steel imports to protect domestic value creation. It also involves supporting the steel industry's transition to climate neutrality, reducing energy costs, and driving environmentally friendly restructuring. The party aims to better protect the German steel industry against unfair competition.
