Steel makers fear deepening crisis from energy crunch as output halted

European steel is dead. It has been dead for years. North America has cheap energy and although regulation there is still more stringent than in Asia, it’s still a lighter touch than European extremists. Asia has volume and still lower wages. Europe has expensive energy and high wages plus stifling regulation on top. Any steelmaker worth a penny must be leaving the continent as fast as he can run. We must deregulate AND we must resolve our energy crisis. This cannot be done with more of what got us into the problem in the first place. 

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