News » Joint Statement: European social partners commit to working towards a competitive transition of the European steel sector
Joint Statement: European social partners commit to working towards a competitive transition of the European steel sector
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With energy and raw material costs remaining high, global overcapacity continuing to increase, and no end in sight for the cost-of-living crisis in Europe, the European steel social partners, industriAll European Trade Union and EUROFER commit to continue to work together to support the twin green and digital transition of the European steel industry and its workers.
European steel is essential for the green transition and is at the heart of European industry providing 310,000 direct, and 2.2 million indirect jobs, in the EU. Ahead of the EU elections in 2024, various pieces of EU legislation need to be finalised with the aim of ensuring a more sustainable future for the steel industry in Europe.
Now more than ever, the European steel sector and its workers need to see increased support for investment to ensure that the green and digital transitions are managed successfully with no steel worker or region being left behind.
European Social Partners:
The European Social Partners will continue to work together and with national and European policy makers to ensure the survival of the European steel sector.
27 November 2023
Brussels, 11 September 2025 – The lack of a solution for steel in the EU-U.S. trade negotiations, the ongoing unpredictability of the global geoeconomic situation, and persistently weak demand against an ever-growing global steel overcapacity are squeezing the European steel market. In 2025, the outlook points to stagnation, with potential recovery only in 2026 — conditional on improvements in the global economy and an easing of trade tensions. According to EUROFER’s latest Economic and Steel Market Outlook, another recession both in apparent steel consumption (-0.2%, revised upwards from -0.9%) and in steel-using sectors (-0.7%, revised downwards from -0.5%) is confirmed for 2025. Growth prospects are now delayed at least to 2026, with projections of a rebound for both apparent steel consumption (+3.1%) and steel-using sectors (+1.8%). However, steel imports continue to hold historically high market shares (25%) in 2025.
Third quarter 2025 report. Data up to, and including, first quarter 2025
Brussels, 10 September 2025 – Reacting to today’s State of the Union Address delivered by Commission President Ursula von der Leyen, Axel Eggert, Director General of the European Steel Association (EUROFER) said: