9 May 2023 – For years, the German steel giant thyssenkrupp Steel has been drawing a substantial part of its existence from the German and European taxpayer in the form of direct and indirect subsidies, grants and rescue packages worth billions of euros. There are frequent political visits in return. Soon also from the Cartel Office? It stinks in Duisburg. And the next European stainless steel producer presents very good figures for Q1 2023 and sees a massive destocking in Europe and North America, while at the same time market sources report clear gaps in stockists and service centres. Source
German steel giant: “No industry has ever survived on subsidies”
