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IAA’s Imbroglio, Industry’s Ire, & Europe’s Existential Ennui

Industry leaders warn the EU’s new Industrial Accelerator Act lacks clear definitions for “low-carbon” steel. High energy costs remain unaddressed. The German automotive association says the proposal offers “too little.” Steel is inexplicably excluded from “Made in Europe” procurement rules. The Act faces an uncertain future needing major revisions.

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