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Economics and finances
ArticleName Iron and steel industry requires distinct rules to provide fair competition
ArticleAuthor H. J. Kerkhoff
ArticleAuthorData

Steel Institute of the Union of German Metallurgists (Düsseldorf, Germany):

Kerkhoff H. J., President of “Steel” Economical Union, e-mail: redaktion@stahleisen.de

Abstract

German enterprises are waiting for larger opportunities for flexibility and prospects for realization of investments during creation of new products and technologies from politicians. First of all, they need the distinct rules for fair competition. In this case legal formalization of understanding with Europe should be achieved, and it is very important to have clear schedule of this process. In the meantime J-C. Juncker has mentioned, that being a European means to support European iron and steel industry. And now he has to undertake some practical steps in correspondence with these words. The same is waiting from other German and European politicians. It is necessary to continue the work to save German iron and steel industry as the main component of strong German economics. Steel and strong chain of added value creation will provide stable economic development. Steel once was the main material for the industrial revolution and it remains an unchangeable material also for Industry 4.0.

keywords Iron and steel industry, demand, carbon dioxide emissions, energy consumption, economic development
Language of full-text russian
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