Germany's steel industry is in an 'existential crisis' due to rising energy costs and low-priced imports, prompting Chancellor Friedrich Merz and Finance Minister Lars Klingbeil to advocate for greater economic self-reliance and support for domestic suppliers. A study warns that the collapse of domestic production could cost the economy €50 billion annually and result in significant job losses. The EU is considering stricter trade measures against unfair competition from Chinese steel imports. The German government is urged to implement a lower industrial electricity price to support the sector's competitiveness. Teljes cikk (Euronews.com)