Soon after World War II a group of visionary leaders, recognizing the importance of steel to European prosperity, formed the European Coal and Steel Community. The ECSC would become an early precursor of today’s European Union.
Six decades on, the steel industry remains an important engine of Europe’s economic progress, directly employing 335,000 people, indirectly supporting 1.5 million jobs and generating 4% of the EU’s gross domestic product. None of this has escaped today’s EU leaders.
Source: The Wall Street Journal
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