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Olaf Scholz promises to support steel industry at the national and European level

Industry development strategy with a focus on green steel presented at the parliamentary summit

Currently, a third of the steel purchased by the government is imported

Energy-intensive sectors face challenges both from their own transformation and from customers

The company is seeking funds to build a new large EAF to replace the blast furnace

This measure will help speed up the implementation of the project by three years

In this way, the company aims to support its decarbonization efforts

In addition, it is planned to present a strategy for the development of the country's steel industry in the spring of 2025

The Swedish event will be partially funded through the Recovery and Resilience Fund (RRF)

The company is seeking help from the incoming government to implement its decarbonisation plans

The financial guarantee for the transaction was provided by the Sace Group, controlled by the Italian Ministry of Economy

The government is also seeking to speed up a bridge loan for the troubled steelmaker