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00:00If we did not act now, the transition is needed, but how we get there, the way forward, we have to be flexible, we have to be pragmatic, this transition has never happened before,
00:14so we are all together learning a lot and we have to adapt all the time that we reach our goal with a strong economy, a strong industry and with a competitive European Union.
00:26We are asking the industry what they need to go forward, we work with specific sectors, I have just launched a strategic dialogue with the automotive industry,
00:36also to ask them what can we do, how can we support you to reach your goals that we have set together and I will do the same pretty soon for the steel sector,
00:49because here too there are very specific challenges for the steel sector, it's under great pressure, for example from the energy costs, but also the topic of Chinese overcapacity flooding the European market,
01:03so we will start a strategic dialogue with the steel sector to really address in a focused manner what is it what you need to reach our common goals.