Germany committed to protecting steel industry, Habeck says after Thyssenkrupp Steel cuts
BERLIN, Nov 25 (Reuters) -Germany is committed to transitioning its steel industry towards more climate-friendly production while protecting the sector, the economy minister said on Monday, after Thyssenkrupp TKAG.DE announced a massive overhaul of its steel business.
"The group's decision is the result of the great pressure that the steel industry has been under worldwide for many years," Robert Habeck said.
Germany and Thyssenkrupp's home state of North Rhine Westphalia have made a clear commitment to the climate-friendly restructuring of the sector, the minister said, adding: "We stand by this clear commitment. It is important that steel is also produced in future."
Writing by Rachel More, Editing by Miranda Murray
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