Orbán cabinet: More flexible EU support needed for steel industry’s green transition

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It is clear that the European Union needs its steel industry, but more flexible and more active support is needed for the industry’s green transition, the state secretary for industry policy and technology said on Friday.

Gergely Fábián attended a European Commission working lunch in Brussels on the outlook of the bloc’s steel industry together with the representatives of other member states, a dozen European companies and the head of the European Steel Association. The EC was represented by Maros Sefcovic, executive vice-president for European Green Deal, interinstitutional relations and foresight, and Margrethe Vestager, executive vice-president for A Europe Fit for the Digital Age and competition.

Speaking to MTI after the meeting, Fábián said keeping steel production in Europe and specifically central and eastern Europe alive and transitioning to carbon-neutral green steel production were strategic goals.

The state secretary said Hungary’s increased industrial capacities also required steel.

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One comment

  1. EU should only be an economic block. Successful economies will ensure unity of states. Interfering in internal affairs of nations should be stopped immediately.

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