EconomyLens.com
No Result
View All Result
Tuesday, June 17, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Steel decline sparks protests and a movie in Belgium

Thomas Barnes by Thomas Barnes
February 5, 2025
in Economy
Reading Time: 5 mins read
A A
1
120
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Once a steel powerhouse, Belgium's French-speaking south has gone through several painful rounds of job cuts and plant closures. ©AFP

Brussels (Belgium) (AFP) – Thousands of steelworkers took to the streets of Brussels on Wednesday to demand EU help for a sector whose decline is the subject of a documentary on show at Belgian cinemas. “L’acier a coulé dans nos veines” (French for “Steel flowed through our veins”) hit theatres as the European steel industry is in a downward spiral, with high energy costs and Chinese competition compounding a long crisis. The movie recounts from the “workers’ point of view” seven decades of steelmaking in Belgium’s southern Wallonia region, according to director Thierry Michel.

Related

UK automakers cheer US trade deal, as steel tariffs left in limbo

Global oil demand to dip in 2030, first drop since Covid: IEA

US retail sales slip more than expected after rush to beat tariffs

Why stablecoins are gaining popularity

Bank of Japan holds rates, will slow bond purchase taper

Once a steel powerhouse, the French-speaking region has gone through several painful rounds of job cuts and plant closures. It’s a “parable on globalisation and the triumph of capital,” the 72-year-old Belgian filmmaker known for his socio-political documentaries on the Democratic Republic of Congo told AFP. In November, Eurofer, an industry group, said Europe’s steel industry faced “irreversible decline” unless the EU and its members took “immediate action”, including trade protections and ensuring affordable clean energy supplies. The sector lost almost 100,000 jobs in the past 15 years, “with more cuts looming,” the group said, adding Europe imports 27 percent of its steel, which undermines domestic production.

European producers are contending with excess industrial capacity in China that leads to cheap exports critics say have been fuelled by Chinese government support. “All European steel sites are at risk” of closure in 2025, the president of steelmaker ArcelorMittal France, Alain Le Grix de la Salle, has told French lawmakers. On Wednesday, several thousand workers marched through Brussels, waving trade union flags and holding signs reading “European Union, wake up!” and “save our steel”. The EU commission has promised to publish an action plan to revamp the European economy and support local industries in the coming weeks.

“There is awareness, but isn’t it late?” said Michel, the filmmaker. His movie tells of the euphoria that accompanied the opening of a blast furnace on the banks of the Meuse river in eastern Belgium in 1959, with four ministers and the future King Albert in attendance. For years, thousands of Italian, Polish, and Yugoslav immigrants worked alongside the Belgians at that and other sites — in often harsh conditions. “It was dark, there was noise everywhere, it was the devil’s hole,” Axel Schorkops, a worker, says in the film. Yet, as the economy roared, “We felt like we were doing a special job,” said Frederic Gillot, a union representative.

As clouds start to gather over the sector from the mid-1970s, the film chronicles demonstrations, restructuring plans, plant closures, demolitions, and faltering EU support efforts. The European steel industry currently employs more than 300,000 people, including thousands in Belgium, according to Eurofer.

© 2024 AFP

Tags: employmentprotestssteel industry
Share48Tweet30Share8Pin11Send
Previous Post

US Postal Service halts China suspension after stoking trade fear

Next Post

US trade gap swells in 2024 as deficits under fresh scrutiny

Thomas Barnes

Thomas Barnes

Related Posts

Economy

Ecuador pipeline burst stops flow of crude

June 16, 2025
Economy

Yen slides ahead of Bank of Japan policy decision

June 16, 2025
Economy

War, trade and Air India crash cast cloud over Paris Air Show

June 16, 2025
Economy

China factory output slows but consumption offers bright spot

June 16, 2025
Economy

US Fed set to hold rates steady in the face of Trump pressure

June 16, 2025
Economy

US Fed set to hold rates steady in the face of Trump pressure

June 14, 2025
Next Post

US trade gap swells in 2024 as deficits under fresh scrutiny

US trade gap swells as Trump renews scrutiny of deficits

Tesla sales fall in Germany as Musk backs far right

Google shares slump as trade tensions rattle markets

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US retail sales slip more than expected after rush to beat tariffs

June 17, 2025

Taiwan tests sea drones as China keeps up military pressure

June 17, 2025

G7 leaders urge Trump to ease off trade war

June 17, 2025

Oil prices rally, stocks slide as traders track Israel-Iran crisis

June 17, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.