Germany’s SPD is said to urge EU to adopt ‘Buy European’ strategy for steel industry (SLX:NYSEARCA)


industrial plant for the production of sheet metal in a steel mill - storage of sheet rolls

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Germany’s Social Democrats (SPD), the junior partners in Chancellor Friedrich Merz’s coalition, are pressing for stronger protection of Europe’s steel sector, Reuters reported Saturday. A party paper shows the SPD wants the European Union to implement a “buy European” strategy and introduce tougher measures against subsidized foreign



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