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Steeltec's Subsidy Struggle: Swiss Steel Seeks Salvation

Steeltec AG faces governmental resistance as Lucerne's executive council rejects crucial subsidy requests totaling $25 million over four years. The Swiss steel recycling company sought relief from soaring electricity costs through federal legislation enabling temporary support for energy-intensive industries. Parliamentary intervention via Marcel Budmiger's postulate represents the final pathway for securing essential financial assistance. Cantonal legislators must now decide whether industrial competitiveness outweighs fiscal conservatism in Switzerland's evolving economic landscape.

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