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Steel, the Backbone of Sustainability in Europe
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Modern society would be impossible without steel. The European Steel Industry Vision is based on the decisive contribution of steel to European socio-economic growth and sustainable production, as well as the Circular Economy, which is expected to become even more important in the future.
In the short term, the sustainability of the European steel industry will depend upon meeting the formidable challenge of remaining economically viable against a background of excess global supply.
In the short, medium and long term, the European steel industry:
Steel has significant social value and is by far one of the most important, multi-functional and adaptable materials.
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Brussels, 16 March 2026 According to the latest economic report from the European Steel Association (EUROFER), Europe’s steel market is estimated to have shown signs of growth. However, it also highlights how the sector’s outlook is clouded by imports having gained a record share of the EU market, falling European production, volatile energy prices and rising trade tensions.
First quarter 2026 report. Data up to, and including, third quarter 2025
The European Steel Association (EUROFER) has called on EU lawmakers to urgently adopt the new steel trade measure proposed by the European Commission last year, warning that weakening the proposal would put the European steel industry at risk.