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flag Germany's chancellor gathers leaders to tackle steel industry crisis amid falling output, high costs, and imports.

flag German Chancellor Friedrich Merz convened a steel summit with industry, labor, and government leaders to address a crisis in the steel sector, marked by falling production, high energy costs, and cheap imports. flag The industry, vital to manufacturing and employing 80,000 directly, faces challenges including delayed green projects and potential EU import tariffs. flag A new state power subsidy starts in January, while officials weigh trade and climate policies.

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