First quarter 2022 report. Data up to, and including, third quarter 2021
As representatives of the four industrial sectors to be included in the scope of the EU Carbon Border Adjustment Mechanism – cement, steel, aluminium and
fertilisers – we would like to raise our comments and concerns on the draft INTA compromise amendments (CAM) that will be voted on 28 February.
The Fit for 55 package must safeguard industrial users’ incentives to operate on-site high-efficiency cogeneration (CHP).
Brussels, 09 March 2022 – EUROFER calls on the London Metal Exchange (LME) and the Financial Conduct Authority (FCA) to take the necessary action to resolve the massive, artificial fluctuations in nickel prices and impose the indispensable measures to ensure it does not reoccur. EUROFER also requests a commitment on transparency on moves by single or group of market participants exceeding regular participation and trading limits.
Call for dialogue and pragmatic actions
The EU has imposed anti-subsidy duties on imports of stainless steel cold-rolled flat products originating in Indonesia and India
The positive trend in steel demand and apparent steel consumption observed in the first three quarters of 2021 persisted in the fourth quarter, although at a slower pace. At the same time, throughout 2021 EU steel imports increased massively by 32%. However, soaring energy prices, ongoing disruptions in global supply chains and the shock due to the war in Ukraine are set to weigh heavily on the outlook for 2022, potentially resulting in the third contraction of steel consumption (-1.9%) over the past four years.
Second quarter 2022 report. Data up to, and including, fourth quarter 2021
Brussels, 11 May 2022 – The current Waste Shipment Regulation proposal lacks effective measures to tackle environmental challenges of waste exports and to enhance EU resiliency on valuable secondary raw materials, risking to undermine the EU’s Circular Economy and Green Deal objectives, warns the European Steel Association (EUROFER) on the occasion of the presentation of the draft report by the Environment Committee at the European Parliament.
It is essential that the implementation of the Fit for 55 Package delivers the agreed 2030 climate targets while supporting companies’ investments, preserving effective carbon leakage measures and avoiding disproportionate costs, capacity closures and job losses.