As every year, the publication of the EUROFER Annual Report is an opportunity to recap the policy work conducted by the association throughout 2022, as well as to inspect the forthcoming priority work areas EUROFER will be facing in the next months.They will be crucial to ensure that the future of green steel is and will be in Europe, which is the essential condition for the EU to achieve global leadership in net zero and secure its strategic autonomy.
EU legislation such as the Gas & Hydrogen Package, the revision of the Electricity Market Design directive, the Hydrogen Bank and the Renewable Energy directive, is fundamental to set the right conditions for a truly EU energy market system that delivers. Maximum priority must be given as well to European projects for hydrogen infrastructure, whose development is lagging behind.
Similarly, ensuring access to critical materials for the green transition such as ferrous scrap and nickel is vital, even more so in a world where over 40 countries are already applying restrictions to exports. The Critical Raw Materials Act and the Waste Shipment regulation should take this
situation fully into account.
Facilitating investment in clean technologies, creating lead markets for green steel and promoting upskilling and adequate training opportunities for young steelmakers is also indispensable.
Be assured that, also this year, we will do our best to turn these challenges into opportunities for both the European steel industry and the EU. A strong and sustainable steel sector is the backbone of a healthy EU economy and its leadership in clean tech.
We trust that the reading of the EUROFER Annual Report 2023 will serve as a valuable resource for all those who are interested in the future of our industry and the role that it plays in the European economy.
The full report is available below.
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Brussels, 08 October 2024 – The latest data disclosed by the Global Forum on Steel Excess Capacity (GFSEC), revealing a further increase in global overcapacity, require immediate, comprehensive trade actions by GFSEC like-minded countries. The impact of this destructive dynamic, distorting the global steel market and threatening thousands of jobs across Europe alone, needs to be tackled as a matter of urgency, says the European Steel Association.
Brussels, 10 September 2024 – The Draghi Report thoroughly identifies the bottlenecks to both the EU industry's decarbonisation and competitiveness. The proposed recommendations for energy-intensive industries, including on energy, trade, carbon leakage, financing and lead markets, should be integrated into the upcoming Clean Industrial Deal and implemented with concrete measures as a matter of urgency. Alignment across different policies is crucial, and should be accompanied by sector-specific initiatives to enable the transition of each industry including steel, asks the European Steel Association.
Brussels, 05 September 2024 – The latest developments in the steel sector and across critical value chains are worrying signs of a steady deterioration, endangering the survival and the transition of steelmakers and their key manufacturing customers in Europe, such as automotive. A Clean Industrial Deal including swift and radical measures in EU industrial, energy and trade policies, is the last chance to ensure Europe’s prosperity and shield European industry from cheap imports driven by third countries’ unfair trade practices, overcapacity and lower climate ambition, urges the European Steel Association.
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
