The German Steel Federation (Wirtschaftsvereinigung Stahl) called on the government to limit natural gas consumption by 80% of industrial users to a competitive price level. In comparison, market price mechanisms will limit the remaining 20% of users' consumption.

Higher gas and electricity prices will increase energy costs for the German steel industry by more than 10 million euros this year.

The German government's announcement of the third set of relief measures against high energy prices, including the introduction of revenue caps in the electricity market, will not be enough to prevent long-term damage to Germany's industry.

In addition, Russian Gazprom's decision to indefinitely halt gas deliveries to Germany via the Nord Stream 1 pipeline will add to the pressure on the industry.