Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Germany’s IG Metall has called for major changes to the EU’s proposed Industrial Accelerator Act, saying the draft still falls short of what European industry needs. While the union welcomed some positive elements—such as local-content rules in strategic sectors through public procurement and funding—it argued the proposal does not yet do enough to protect manufacturing competitiveness.
A key concern is the lack of clear “Made in Europe” provisions. IG Metall says the draft recognizes steel as a strategic and energy-intensive sector, but that status currently applies only to sustainability requirements and not to production-location rules. The union argues that without stronger safeguards for European production, the law may weaken rather than strengthen local industry.
It also criticized the proposed list of strategic sectors as inconsistent and said the implementation timeline is too slow, with important measures not expected to take effect until 2029. IG Metall wants broader industrial coverage, faster action, and clearer support for production and jobs across Europe.For the steel sector, the debate matters because policy design could shape competitiveness, investment decisions, and the future of industrial production in Europe.
Also Read : EU Urges US to Scrap Tariffs on Steel Derivatives European Industry Warns Weakening EU ETS Could Hurt Competitiveness and Investment
India's power consumption climbed 7.5% on year to 1354.97 billion units (BU) between April and Janua...
Renewables 19-Feb-2024
Turkey has imposed a definitive anti-dumping duty of 3.95% on cold-rolled stainless flat steel impor...
Construction 29-Dec-2025
EU's Steel Action Plan – The European Union will unveil a strategy on March 19 to protect...
US 05-Mar-2025
Talks over Jindal Steel International’s proposed acquisition of Thyssenkrupp Steel Europ...
Europe 26-Mar-2026
The mineral production index for the mining and quarrying sector in December 2023 was 139.4, which i...
Raw Material 22-Feb-2024
In a significant relief to GST defaulters, the Indian government has amended Section 128A of the CGS...
Announcement 01-Apr-2025