Unfair Competition and Policy Challenges Lead to Deindustrialization Crisis in Europe

Post Views: 404 CBAM Europe’s Stainless Steel Industry Faces CrisisEurope’s stainless steel industry is facing a severe crisis due to high raw material costs and intense competition from Asian producers. Timoteo di Maulo, CEO of Aperam, warned that Europe could face collapse without a level playing field, as European producers rely on costlier, environmentally friendly processes while Asian competitors use cheaper nickel pig iron (NPI). Declining Demand and Rising Production DisparitiesDemand for stainless steel in Europe is projected to decline by 6% in 2024, compounding earlier d...