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EUROFER & WV Stahl - The Green Deal and European Steel: The example of the German Steel Action Plan
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The joint EUROFER & WV Stahl webinar - The Green Deal and European Steel: The example of the German Steel Action Plan - 24 February from 11:00 till 12:30
About the webinar
The Green Deal and European Steel: The example of the German Steel Action Plan
The European steel industry is facing serious challenges. As a result of reduced global demand, steel production in the EU has significantly dropped and the sector’s workforce has continuously declined. The economic downturn of the Covid-19 pandemic is adding to these structural difficulties, making resolute action a necessity.
At the same time, the steel industry counts as most advanced among energy-intensive industries in terms of its CO₂ footprint. Not only it produces 100% recyclable materials for EU key industries such as automotive, construction, or medical devices, but it is already fully committed to cut its emissions by 30% until 2030, and is well headed to achieve carbon neutrality by 2050.
Therefore, an EU Green Deal on Steel, addressing both the sector’s structural problems and its potential as a frontrunner on how hard-to-abate industries can lower their emissions, could serve as blueprint for the whole EU industrial sector.
The German Steel Action Concept “For a strong steel industry in Germany and Europe” (see German version here) shows us that climate action and the continued existence of competitive energy-intensive industries can complement one another in fruitful ways.
Join this webinar to discuss what a Green Deal on Steel might look like and, building on the German concept, what mix of policy tools can help the sector most in making a substantial contribution to the EU’s ambitious climate goals while best ensuring its competitiveness.
When & where?
The webinar took place on Wednesday, 24 February 2020 from 11:00-12:15 online, via Zoom.
Who is invited?
The seminar was open to anyone interested in learning about the German Steel Action Concept, the Green Deal on Steel and what the European steel industry is doing to help meet the EU's climate ambition.
Schedule
Times are indicative only
11:00 | Introductory joint statement
Moderation by Jacki Davis
Building on the German Steel Action Concept at EU level
11:10 | Video statement
11:20 | Panel discussion & Q&A
Moderation by Jacki Davis
How could an Action Plan for European steel reinforce the EU Green Deal?
12:30 | End of discussion
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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.
Brussels, 25 July 2024 – Major indicators in the European steel market show a steeper-than-expected downward trend, further impacting the outlook for this year and the next. Poor demand conditions, driven by ongoing factors such as high energy prices, persistent inflation, economic uncertainty and geopolitical tensions, are exacerbated by a manufacturing crisis affecting the largest steel-using sectors, including construction and automotive. According to EUROFER’s latest Economic and Steel Market Outlook, apparent steel consumption is further deteriorating. After a slump (-3.1%) in the first quarter of 2024, its rebound for the full year has been revised downwards (to +1.4% from +3.2%), as well as for 2025 (+4.1% from +5.6%). Similarly, output in steel-using sectors, after a decline in the first quarter (-1.9%), is projected to experience a deeper-than-expected recession (-1.6% from -1%). A recovery is anticipated only in 2025 (+2.3%). Steel imports continue to show historically high shares (27%).