The German steel sector, facing a substantial budget shortfall due to a court ruling, is sounding an alarm on the nation’s industrial transformation. With more than 40 billion euros ($44 billion) in planned investments now under scrutiny, the sector is grappling with a loss of confidence and growing uncertainty.
How long before the steel industry leaves….
🇩🇪Germany's steel sector rang the alarm bell on the country's industrial transformation on Thursday, warning a court ruling that tore a hole in Berlin's budget had put a question mark behind more than 40 billion euros ($44 billion)… t.co/u6zfC1hQpu
— Tracy (𝒞𝒽𝒾 ) (@chigrl) November 23, 2023
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