{"id":14708,"date":"2025-11-06T15:54:06","date_gmt":"2025-11-06T13:54:06","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/flood-of-chinese-steel-poses-an-existential-threat-to-our-industry\/"},"modified":"2026-02-27T16:27:11","modified_gmt":"2026-02-27T14:27:11","slug":"flood-of-chinese-steel-poses-an-existential-threat-to-our-industry","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/flood-of-chinese-steel-poses-an-existential-threat-to-our-industry\/","title":{"rendered":"\u201cFlood of Chinese steel poses an existential threat to our industry\u201d"},"content":{"rendered":"<div>\n<p>&#8220;Companies are facing a crisis that threatens their very existence,&#8221; Merz told reporters in a statement afterwards, adding &#8216;that is why effective protection is needed here.&#8217;<\/p>\n<\/div>\n<div>\n<p>Merz said United States (US) tariffs and &#8220;China flooding the markets with subsidised steel posed &#8220;major challenges&#8221; for the domestic and European steel industry.<\/p>\n<\/div>\n<div>\n<p>The German chancellor(Remove)(u supposed to say )Merz\u00a0said he would throw his weight behind an European Union plan to protect the bloc&#8217;s steel sector, adding &#8220;I will do my utmost to support these proposals.&#8221;<\/p>\n<\/div>\n<div>\n<p>Most German political parties have previously opposed protectionism as its export-oriented economy has for the past two decades been one of the world&#8217;s greatest beneficiaries of low trade barriers.<\/p>\n<\/div>\n<div>\n<p>However, German manufacturers and regulators are now increasingly worried about the distorting impact of competition from China and elsewhere and of US tariffs.<\/p>\n<\/div>\n<div>\n<p>&nbsp;<\/p>\n<\/div>\n<div>\n<p>&#8211;Reuters&#8211;<\/p>\n<\/div>\n<div>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"featured_media":14709,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-14708","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"German Chancellor, Friedrich Merz signalled a new European patriotism to protect the steel industry on Thursday after a summit with domestic producers, German states and trade unions","published_date":"2025-11-06 00:00:00","news_description":"German Chancellor, Friedrich Merz signalled a new European patriotism to protect the steel industry on Thursday after a summit with domestic producers, German states and trade unions","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14708\/revisions"}],"predecessor-version":[{"id":19253,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14708\/revisions\/19253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14709"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=14708"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}