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15 Oct
15:36

German union chief calls for 'steel fund'

The chairman of Germany’s IG Metall union, Jörg Hofmann, says that policy-makers have a duty to support the economy during its transformation.  "We need something like a future fund for steel," Hofmann said in an interview with Handelsblatt monitored by Kallanish. It is impossible for thyssenkrupp and other European mills to make the billions needed to invest in CO₂-free steel production from the proceeds of steel production alone, he a…
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