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Press release: 2022 negative trends deepen despite economic resilience, steel demand to contract also in 2023 - 02 February 2023

Brussels, 02 February 2023 – All downside factors that have materialised in the first half of last year have persisted, continuing to impact the European steel market. Apparent steel consumption is forecast to see a deeper-than-expected drop of -4.6% for 2022 (previously set at -3.5%). The outlook for 2023 also remains negative (-1.6%), paving the way for the fourth steel demand recession in five years. A modest recovery will be in sight in 2024 (+1.6%), though subject to high uncertainty. Despite a more general resilience of the EU economy, in the third quarter of 2022 apparent steel consumption reached its lowest level after the pandemic.

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Joint statement: Energy-intensive industries should be at the heart of the Green Deal Industrial Plan - 03 February 2023

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Press release: ITRE reports set key milestone in EU hydrogen market design by prioritising access for high-impact sectors, welcomes EUROFER - 08 February 2023

Brussels, 09 February 2023 – Hydrogen is at the core of the green steel transition. Ensuring access to this scarce resource – with a share of a bare 2% in today’ EU energy mix – will be paramount in the upcoming years to enable carbon-neutral steelmaking in practice. The reports adopted today by the European Parliament’s Industry, Research and Energy Committee (ITRE) represent a significant step towards industrial decarbonisation, as they acknowledge the importance of prioritising hydrogen access for sectors that have the greatest potential for emissions reduction and the largest impact on climate mitigation, says the European Steel Association (EUROFER).

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Press release: EUROFER calls for a deeper EU Electricity Market Design reform that delivers internationally competitive fossil-free energy for industry’s decarbonisation - 14 March 2023

Brussels, 14 March 2023 – The revision of the Electricity Market Design (EMD) risks becoming another missed opportunity to secure cost-competitive fossil-free electricity and to introduce solutions providing swift relief to energy-intensive sectors exposed to global competition. It remains unclear how industrial energy consumers will be able to access the large quantities of renewable and low-carbon electricity needed for their decarbonisation in the coming years, says the European Steel Association following the publication of the European Commission’s reform proposal on the EMD.

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Position paper: An EU industrial policy providing a strong business case for green investment in Europe - 16 March 2023

New global reality requires disruptive thinking and innovative measures

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Press statement: EUROFER asks for an EU industrial policy that provides a strong business case for green investment in Europe - 16 March 2023

Brussels, 16 March 2023 – A successful EU industrial policy requires a value chain-based approach, with steel as an integral part of the Net-Zero Industry Act. To ensure that the EU remains competitive in the greatest transformation of the industry towards climate-neutrality, it is essential to adopt disruptive thinking and innovative measures to create a more attractive green investment environment whilst securing the EU’s strategic autonomy. The European Steel Association (EUROFER) details its comprehensive vision in a new policy paper covering all industrial policy fields relevant for a green, decarbonised and prospering European manufacturing industry, including energy and climate, environment and circularity, investment, trade, internal market and skills.

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Joint statement: Safeguarding the Internal Market Legal Basis of the Packaging and Packaging Waste Regulation to obtain best possible outcomes - 21 April 2023

Joint industry statement

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Position paper: Joint steel position paper on Packaging and Packaging Waste Regulation (PPWR) - 21 April 2023

EUROFER supports steel for packaging sector APEAL

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Economic and market outlook: Economic and steel market outlook 2023-2024, second quarter - 03 May 2023

Second quarter 2023 report. Data up to, and including, fourth quarter 2022

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Press release: Worst seems to be behind, but steel demand to remain negative in 2023 - 03 May 2023

Brussels, 03 May 2023 – The year 2022 came to a close with a sharper-than-anticipated recession in apparent steel consumption (-7.2%) as steel demand shrank significantly, due to the energy crisis and the impact of the war in Ukraine. Although the worst seems to be over after the fourth quarter of 2022, apparent steel consumption is still projected to be negative (-1%) in 2023, before rebounding in 2024 (+5.4%). However, high uncertainty continues to cast a shadow on the outlook for 2023, which remains bleak. Although steel imports have decreased in tandem with demand, their market share is still historically high (23.4%).

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