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An Ambitious FP9 Strengthening Europe’s Industrial Leadership
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The participation of both Industry and Research and Technology Organisations (RTOs) in EU R&I Framework Programmes is essential to turn ideas into impact-driven and value-creating technologies, applications, and solutions. Among others, the engagement of the whole innovation ecosystem is supported by the contractual Public Private Partnerships (cPPPs) and Joint Technology Initiatives (JTIs). These instruments are one way to address private sector participation bringing leverage from industry.
Industry and RTOs are highly committed to the Societal Challenges and the Industrial Leadership pillars. Both should be strengthened to speed up efforts in overcoming the valley of death as well as the gap between the demonstration and commercialization phases. Contractual PPPs and the JTIs are unique platforms, which foster cooperation between public and private actors by pooling their diverse capabilities and creating the critical mass for innovative breakthrough. They also leverage the necessary funds for large-scale European projects. Understanding the channels to market as well as the challenges to upscaling, industry bridge gaps and accelerate the generation of impact and results from R&I programmes.
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Brussels, 07 May 2024 – The European Commission has today published two Regulations extending the anti-dumping and countervailing measures in force on imports of stainless steel cold-rolled flat products (SSCR) originating in Indonesia to imports of SSCR from Taiwan, Turkey and Vietnam. EUROFER welcomes the extension of the duties and the introduction of import requirements connected to strict monitoring of imports.
The outlook for the European steel market in 2024 continues to lose momentum amidst persisting challenging conditions. Downside factors such as worsening geopolitical tensions, coupled with growing economic uncertainty, energy prices, inflation, interest rates have further impacted demand prospects. According to EUROFER’s latest Economic and Steel Market Outlook, these challenges have exacerbated the negative effects on apparent steel consumption, resulting in a more severe downturn in 2023 than previously projected (-9%, instead of -6.3%) and weaker growth in 2024 (+3.2%, instead of +5.6%). Output in steel-using sectors, despite showing more resilience than expected in the past year (+1.1%), is now set to decline (-1%). Imports are once again on the rise (+11% in the last quarter of 2023), capturing a staggering 27% market share throughout 2023.
Second quarter 2024 report. Data up to, and including, fourth quarter 2023