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Industrial policy and the European steel market
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The European steel industry is a strategic sector at the heart of the EU economy - responsible for 330,000 direct jobs and 2.6 million indirectly or induced jobs overall. The 160 million tonnes of finished steel the industry produces every year make modern life possible, with the metal used in automotive production, construction and in the creation of household and medical goods and appliances.
The importance and size of the European steel industry to the EU economy means that ensuring the regulatory and legislative framework is appropriate is the essential work of policy makers. This includes all facets of laws which affect the way the sector operates, including climate, competition, environment and trade policies. Only through getting all of these policies right can the sector's competitiveness be enhanced.
Taken together, the way these policy approaches interact is where the EU's industrial policy comes in: the attempt to bring order to a large rule book and to ensure that the right support and framework exists for the European steel sector to be competitive in a world of cut-throat competition. EUROFER supports the EU's work to build an industrial policy fit for the 21st century.
No industrial policy worth its name can exist without hard data confirming the trends in the sector. This is why EUROFER has a dedicated statistics and market analysis division - which compiles and updates a large body of statistical and economic data pertaining to the sector. This coverage includes employment, production, real and apparent demand, trade statistics and so on. EUROFER includes much of this data in its annual European Steel in Figures guide and its quarterly Economic and Market Outlook reports.
Brussels, 4 March 2025 – The European Steel Association (EUROFER) welcomes the initiative of European Commission President Ursula von der Leyen to convene a Strategic Dialogue on Steel. Today’s meeting, which brought together key representatives from across the steel value chain including EUROFER and its members, gives a much-needed foundation on which to develop industry-specific solutions with the Steel Action Plan expected to be published still this March.
Brussels, 27 February 2025 – The European Steel Association (EUROFER) welcomes the joint initiative of French Minister for Industry and Energy Marc Ferracci and Italian Minister for Enterprises and Made in Italy Adolfo Urso to convene a Ministerial Conference on the Future of the European Steel Industry in Paris today. This meeting complements initiatives at EU level by facilitating a pan-European assessment of the plight of the European steel sector and providing an additional opportunity to outline necessary solutions that will feed into the Steel Action Plan.
Brussels, 26 February 2025 – The Clean Industrial Deal, unveiled today by the European Commission, acknowledges the strategic role of the European steel industry and the existential challenges it faces. Yet, concrete solutions are either left open for later decisions, such as those on global steel overcapacity and loopholes in the Carbon Border Adjustment Mechanism (CBAM), or addressed with incomplete measures, as in the case of energy prices. Without structural solutions to these issues, laudable initiatives on lead markets, local content and circular economy risk being insufficient to turn the tide, notes the European Steel Association (EUROFER).
The European Steel Association publishes quarterly economic reports assessing the state of the industry.
EUROFER is a member of Industry4Europe, a large and unprecedented coalition of organisations dedicated to campaigning for an ambitious EU industrial strategy.