Salzgitter demands fair competition: steel industry in the crisis!

Salzgitter demands fair competition: steel industry in the crisis!

Salzgitter, Deutschland - The steel industry is currently faced with enormous challenges. In the middle of this mood of crisis, Salzgitter boss Gunnar Groebler expressed that state money injections were not the answer. "We need fair competition and no permanent subsidies," emphasized Groebler in an interview with the FAZ. He warned of dumping prices through the constant flood of cheap steel from China and demanded measures such as tariffs from the EU to curb this price drop. Groebler, President of the Steel Business Association since September, sees the need to adapt the European trade barriers because insufficient measures could endanger the European steel industry.

strategic course for Salzgitter

On December 7, 2023, it was decided to extend the term of office of Gunnar Groebler as CEO of Salzgitter AG until 2029. In its function since 2021, Groebler has initiated central switch positions on how to implement the group strategy "Salzgitter AG 2030", which is focused on Circular Economy. Groebler emphasizes the importance of the transformation to green steel production and reports that the group is on course with its Salcos® transformation program. He makes it clear that, despite the financial challenges, Salzgitter does not want to plan a mass refund program like Thyssenkrupp, where 11,000 jobs are at risk.

Groebler looks optimistic about the financial Situation of the company. After Salzgitter received a funding commitment of around one billion euros in 2023, investments of 1.3 billion euros are planned for transformation. The supervisory board prematurely extended the consortial loan until 2030 on the previous conditions, which Groebler rates as a strong positive signal. Experts see the use of "green steel" as the key to the future of the industry, with Groebler stimulating regulations for the use of climate -friendly steel in various industries.

These developments are in line with the endeavors to make steel production more sustainable and to keep the added value in Europe, instead of bending the market conditions dictated by external cheap providers. In view of the global geopolitical challenges, a clear competitive strategy is required for the future.

newsbuzz.de reported that Salzgitter demands a fair competition.

Home-of-steel.de reported the contract extension of Gunnar Groebler.