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Urgent action needed to safeguard the European steel sector and jobs!
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European steel is at the heart of European industry and is responsible for 310,000 direct, and 2.2 million indirect jobs, in the EU. The triple energy, raw material and cost of living crises means that strong social dialogue and support at national and European level is more important than ever to safeguard the sector and protect jobs.
With energy costs around seven times higher than before the crisis and carbon at 70€/t, the European steel sector is buckling under huge bills, much higher than in those in other steel producing regions. The illegal invasion of Ukraine, which exasperated the energy crisis, has also led to a massive decrease or stoppage of traditional raw materials supply from Russia and Ukraine, such as iron ore, requiring European companies sourcing from other destinations at much higher costs. Furthermore, workers and citizens are suffering with EU inflation at 10% (September 2022).
The European Social Partners, the European Steel Association (EUROFER) and industriAll European Trade Union (industriAll Europe), call for urgent action to safeguard the European steel sector and protect these high skilled, quality jobs in Europe while also working towards a carbon-lean, environmentally responsible, circular, and internationally competitive European steel sector.
The twin green and digital transitions have never been more challenging, and additional investment and support will be needed to ensure that these transitions are a success 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.
Signed in Brussels, 17 October 2022
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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: