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Thyssenkrupp Steel supervisory board head: EU must ensure fair competition

Published 18/10/2023, 11:01
© Reuters. An employee of ThyssenKrupp Steel lifts up steel coils in the new hot-dip galvanizing line FBA 10 at the Westfalenhuette facility in Dortmund, Germany, October 13, 2022. REUTERS/Thilo Schmuelgen/File Photo
TKAG
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© Reuters. An employee of ThyssenKrupp Steel lifts up steel coils in the new hot-dip galvanizing line FBA 10 at the Westfalenhuette facility in Dortmund, Germany, October 13, 2022. REUTERS/Thilo Schmuelgen/File Photo

BERLIN (Reuters) - Thyssenkrupp (ETR:TKAG) Steel Europe's supervisory board chief warned on Wednesday that without conditions for fair competition within the EU, there will be no green production.

"The European Union must ensure fair competition conditions through appropriate measures at the EU borders, otherwise there will not only be no green steel production in Europe, but none at all," said Sigmar Gabriel in a statement after a supervisory board meeting at the German conglomerate's steel division.

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