diff --git a/main.gms b/main.gms
index 365b8bd76..e7051c75d 100755
--- a/main.gms
+++ b/main.gms
@@ -1309,6 +1309,8 @@ $setglobal c_CES_calibration_new_structure  0     !!  def  =  0  !! regexp = 0|1
 $setglobal c_CES_calibration_write_prices  0     !!  def  =  0  !! regexp = 0|1
 *** cm_CES_calibration_default_prices    <-   0.01    # def <-  0.01 lower value if input factors get negative shares (xi), CES prices in the first calibration iteration
 $setglobal cm_CES_calibration_default_prices  0.01  !!  def  =  0.01
+*** c29_in_limit_price_change sets production factors that have their price changes limited to a factor of two during calibration"
+$setglobal c29_in_limit_price_change "ue_steel_primary, kap_steel_primary"   !! def = ""
 *** cm_calibration_string "def = off, else = additional string to include in the calibration name to be used" label for your calibration run to keep calibration files with different setups apart (e.g. with low elasticities, high elasticities)
 $setglobal cm_calibration_string  off    !!  def  =  off
 *** cm_techcosts -     use regionalized or globally homogenous technology costs for certain technologies
diff --git a/modules/29_CES_parameters/calibrate/preloop.gms b/modules/29_CES_parameters/calibrate/preloop.gms
index dcff9634b..f69e0b30d 100644
--- a/modules/29_CES_parameters/calibrate/preloop.gms
+++ b/modules/29_CES_parameters/calibrate/preloop.gms
@@ -162,6 +162,37 @@ if (smin((t,regi_dyn29(regi),ppf_29(in)), pm_cesdata(t,regi,in,"price")) le 0,
   abort "Some ppf prices are <= 0. Check ./modules/29_CES_parameters/calibrate/input/pm_cesdata_price_XXX.inc!";
 );
 
+*** Limit changes in prices for susceptible pf
+if (sum((t,regi_dyn29(regi),in_limit_price_change_29(ppf_29(in))),
+      (pm_cesdata(t,regi,in,"price") > 2   * p29_cesdata_load(t,regi,in,"price"))
+    + (pm_cesdata(t,regi,in,"price") < 0.5 * p29_cesdata_load(t,regi,in,"price"))
+    ),
+  put logfile, " " / "limiting pf price changes" /;
+  loop ((t,regi_dyn29(regi),in_limit_price_change_29(ppf_29(in))),
+    sm_tmp 
+    = pm_cesdata(t,regi,in,"price")
+    / p29_cesdata_load(t,regi,in,"price");
+
+    if (sm_tmp < 0.5 OR 2 < sm_tmp,
+      put pm_cesdata.tn(t,regi,in,"price"), " [",
+          p29_cesdata_load(t,regi,in,"price"), " -> ",
+	  pm_cesdata(t,regi,in,"price"), "] -> ";
+
+      pm_cesdata(t,regi,in,"price")
+      = min(
+          max(
+            pm_cesdata(t,regi,in,"price"),
+            0.5 * p29_cesdata_load(t,regi,in,"price")
+          ),
+          2 * p29_cesdata_load(t,regi,in,"price")
+        );
+
+      put pm_cesdata(t,regi,in,"price") /;
+    );
+  );
+  putclose logfile, " " /;
+);
+
 *** Write prices to file
 if (sm_CES_calibration_iteration eq 1, !! first CES calibration iteration
   put file_CES_calibration;
@@ -890,7 +921,38 @@ $ifthen.industry_FE_target "%c_CES_calibration_industry_FE_target%" == "1"
 *** c_CES_calibration_industry_FE_target == 1 means that
 *** industry ppfen input prices are scaled to make the Euler identity hold
 
-*** Abort if any industry EEK value is lower than subsector output quantity
+*** Limit changes in prices for industry EEK
+if (sum((t,regi_dyn29(regi),in_limit_price_change_29(ppfKap_industry_dyn37(in))),
+      (pm_cesdata(t,regi,in,"price") > 2   * p29_cesdata_load(t,regi,in,"price"))
+    + (pm_cesdata(t,regi,in,"price") < 0.5 * p29_cesdata_load(t,regi,in,"price"))
+    ),
+  put logfile, " " / "limiting pf price changes" /;
+  loop ((t,regi_dyn29(regi),in_limit_price_change_29(ppfKap_industry_dyn37(in))),
+    sm_tmp 
+    = pm_cesdata(t,regi,in,"price")
+    / p29_cesdata_load(t,regi,in,"price");
+
+    if (sm_tmp < 0.5 OR 2 < sm_tmp,
+      put pm_cesdata.tn(t,regi,in,"price"), " [",
+          p29_cesdata_load(t,regi,in,"price"), " -> ",
+	  pm_cesdata(t,regi,in,"price"), "] -> ";
+
+      pm_cesdata(t,regi,in,"price")
+      = min(
+          max(
+            pm_cesdata(t,regi,in,"price"),
+            0.5 * p29_cesdata_load(t,regi,in,"price")
+          ),
+          2 * p29_cesdata_load(t,regi,in,"price")
+        );
+
+      put pm_cesdata(t,regi,in,"price") /;
+    );
+  );
+  putclose logfile, " " /;
+);
+
+*** Abort if any industry EEK value is higher than subsector output quantity
 sm_tmp = smin((t,regi_dyn29(regi),
                cesOut2cesIn(ue_industry_dyn37(out),ppfKap(in))
                ),
diff --git a/modules/29_CES_parameters/calibrate/sets.gms b/modules/29_CES_parameters/calibrate/sets.gms
index 0c489230e..cceb98ef7 100644
--- a/modules/29_CES_parameters/calibrate/sets.gms
+++ b/modules/29_CES_parameters/calibrate/sets.gms
@@ -89,6 +89,11 @@ eff_scale_par   "parameters for scaling certain efficiencies during calibration"
   CES_tp(all_in)   "CES tree traversal pending nodes"
   CES_ts(all_in)   "CES tree traversal swap node"
   /   /
+
+  in_limit_price_change_29(all_in)   "production factors that have their price changes limited to a factor of two during calibration"
+  /
+    %c29_in_limit_price_change%
+  /
 ;
 
 alias(cesOut2cesIn_below,cesOut2cesIn_below2);