On Wednesday the European Commission will put forward its energy and climate policy package for 2030. Brussels should take this opportunity to close the huge cost gap that is threatening Europe’s energy-intensive industries, and to address the over-regulation that is harming the competitiveness of European manufacturing. Failure to act could erode Europe’s manufacturing base.
ArcelorMittal is a global company. We produce and sell steel in developed and emerging economies. Despite the tough economic environment, we have done everything possible to preserve plants and jobs in Europe.
The EU says the manufacturing industry is a motor for growth. Unfortunately, EU energy and climate policy is punishing the steel sector and other energy-intensive industries, which is having a profound impact on our competitiveness.