Germany's steel industry is grappling with significant challenges, as highlighted at the recent "Stahlgipfel" in Duisburg.

The sector is under pressure from low prices, weak demand, and high competition, with energy costs being a major concern.

Federal Minister Robert Habeck emphasized the need for sustainable production and proposed focusing on green markets and reducing grid fees to alleviate costs.

However, he acknowledged that immediate relief in electricity prices is unlikely.

Meanwhile, Thyssenkrupp's restructuring plans have sparked fears about the future of the German steel industry, with Bundestagspräsidentin Bärbel Bas warning of potential closures.

The industry, responsible for a significant portion of Germany's CO2 emissions, is urged to adopt green hydrogen technologies, supported by substantial state funding.

The situation remains tense, with calls for decisive action from both Berlin and Brussels to secure the industry's future.