European steel and stainless steel mills' fear of their own age18 July 2024 – If one thing is clear in Europe, it is that domestic steel and stainless steel mills have lacked the will to make new investments in their outdated production methods for years. Without subsidies from the EU or the member states, nothing will work in Europe when it comes to steel. And this is not a new or surprising realisation; Brussels has known this for decades. Source