European Steel Industry Facing Potential Collapse

This is not potential. Industries all over Europe will largely hold out for a little while and watch but once things get too bad and they start to understand that there is no credible way out, they will leave. Besides, right now there are still tons of subsidies to cash in on. Who wants to leave that on the table? But as it is, every mountain of money eventually becomes a little heap and rapidly disappears as countries are essentially broke. The people are maybe not the fastest ones to catch on that things have turned very bad for them, but once they do it’s going to be hard going for politicians. Expect saving industries to be the buzzword of 2023. 

Linkedin Thread