Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-629-000"
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"en.20121120.33.2-629-000"2
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"Mr President, the current deep slump in the steel industry is undoubtedly due in the main to weaker demand from customers in the automotive industry in the debt-ridden countries of southern Europe. With prices for raw materials constantly fluctuating and energy costs increasing at the same time, this is no doubt causing a great deal of problems for steel manufacturers, and has now also affected the scrap industry.
In addition, the steel industry in the EU also has to contend with the highest production costs in the world. It is in fierce global competition with competitors from outside Europe who do not have to deal with such high costs relating to energy, the environment and CO
allowances. An increasing amount of cheap steel is therefore forcing its way onto the European market from third countries that do not have such strict environmental regulations. This is something that the Commission should take into consideration with its plan to drive up the CO
price by restricting the supply of allowances.
If the European steel industry is talking about having to cut a quarter of its capacity, it should be clear to us all that, if there is an adjustment to long-term demand, this will cost up to a quarter of the jobs in Europe, that is around 100 000 jobs. If this actually happens, it should be clear to us all that the Union will need to provide tremendous assistance to cushion the social and economic effects of this restructuring."@en1
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"2"1
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