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
The German Steel Association (WVStahl) has welcomed Berlin’s plan to introduce a lower industrial electricity price of €0.05/kWh for energy-intensive industries over the next three years, but warned that the steel sector is currently excluded from the scheme.
Under EU state-aid rules in the Clean Industrial Deal framework, steel does not qualify for the proposed relief, even though the industry is highly power-intensive and central to Germany’s green transition. WVStahl managing director Kerstin Maria Rippel said today’s uncompetitive power prices pose an existential risk, particularly for medium-sized electric-arc steel mills that already produce low-CO₂ steel.
The association stressed that expensive electricity is slowing the “green” transformation of the sector and called for reforms to the EU state-aid system, so that an effective industrial power price applies to all electricity consumption and can be combined with unrestricted CO₂ compensation. WVStahl is lobbying for an all-inclusive industrial power price of €30–60/MWh, covering network charges, taxes and levies
WVStahl also noted that the German parliament has approved the restoration of subsidies for grid-usage fees from 2026, worth €6.5 billion, describing it as “long overdue”. For the German steel industry alone, the end of earlier subsidies in 2023 has meant an extra €300 million in costs. The group is urging the government to cap network tariffs permanently and legally secure the new subsidy regime.
Also Read : Torrent Power receives a LoA to supply 150 MW renewable energy Thermal power plants use 68% of the normative coal stocks: CEA