India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Germany’s steel industry has raised concerns over the European Commission’s proposed Industrial Accelerator Act, saying the draft still falls short on protecting steel production within the EU. While the legislation recognizes steel as a strategic sector and plans a 25 percent low-emission steel quota in public procurement from January 1, 2029, the German Steel Federation argues the proposal lacks binding “Made in Europe” safeguards. The group says imported low-emission steel from third countries could qualify under the same rules as EU-made material, creating uncertainty for domestic producers already facing high climate-transition costs. It also warned that the draft does not clearly define minimum quotas for EU-produced steel or establish value-creation rules tied to local production and processing. Industry voices believe the lack of stronger origin-based protections could weaken investment confidence, reduce support for green steel projects, and leave European producers exposed during a critical period of decarbonization and industrial transition.
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