Tag #German Steel Industry

zeit.de
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Thyssenkrupp Demands Political Action Amidst Steel Industry Restructuring

Thyssenkrupp Steel CEO Dennis Grimm, during a visit by German Chancellor Olaf Scholz, called for immediate political action to improve conditions for the steel industry, including competitive energy costs and trade protection, highlighting the industry's importance to Germany's economic and geopolit...

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48% Bias Score

Decent Work and Economic Growth
welt.de
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Merz's Steel Remarks Spark German Green Transition Debate

CDU leader Friedrich Merz's skepticism towards hydrogen-powered steel production sparked controversy, with Economics Minister Robert Habeck warning of the industry's potential collapse without decarbonization; the debate highlights challenges and risks of Germany's green steel transition.

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56% Bias Score

Industry, Innovation, and Infrastructure
welt.de
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German Steel Industry Faces Order Decline Despite Employment Growth

The German steel industry shows a 9.4% drop in orders in Q3 2024 compared to the previous quarter, despite a 1.7% employment increase year-on-year; however, major producers like Thyssenkrupp are planning job cuts, indicating a potentially negative long-term outlook.

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40% Bias Score

zeit.de
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Scholz Warns of Bleak Future for German Steel Without Green Transition Support

German Chancellor Olaf Scholz warned that the German steel industry faces a bleak future without government support for its transition to green steel, contradicting challenger Friedrich Merz who advocates for a more cautious approach, prioritizing a clear plan before exiting traditional methods.

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44% Bias Score

Industry, Innovation, and Infrastructure
dw.com
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"Scholz Proposes Steel Industry Rescue Plan Amidst Asian Competition and Job Losses"

"German Chancellor Olaf Scholz announced plans to support the struggling steel industry by capping electricity transmission costs at three cents per kilowatt hour, partially financing grid costs, and advocating for stronger EU-level trade protection against unfair competition from Asia; however, his...

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36% Bias Score

Decent Work and Economic Growth