“(EU steelmaking) remains a huge industry, but its place in the global picture has shrunk over the last 20 years or so due to the rapidly increasing share of crude steel production taken by China and to a lesser extent India,” reports the German public broadcaster. 

“That existential problem has been compounded by the even more pressing problem of the need to invest in climate-friendly "green steel" production. Then came the coronavirus pandemic, which had a massive impact on the European car industry, one of the most important clients for the steel business,” it said.  

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