News » Joint Statement: European social partners commit to working towards a competitive transition of the European steel sector
Joint Statement: European social partners commit to working towards a competitive transition of the European steel sector
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With energy and raw material costs remaining high, global overcapacity continuing to increase, and no end in sight for the cost-of-living crisis in Europe, the European steel social partners, industriAll European Trade Union and EUROFER commit to continue to work together to support the twin green and digital transition of the European steel industry and its workers.
European steel is essential for the green transition and is at the heart of European industry providing 310,000 direct, and 2.2 million indirect jobs, in the EU. Ahead of the EU elections in 2024, various pieces of EU legislation need to be finalised with the aim of ensuring a more sustainable future for the steel industry in Europe.
Now more than ever, the European steel sector and its workers need to see increased support for investment to ensure that the green and digital transitions are managed successfully with no steel worker or region being left behind.
European Social Partners:
The European Social Partners will continue to work together and with national and European policy makers to ensure the survival of the European steel sector.
27 November 2023
Brussels, 12 November 2024 - Ahead of Commissioner-Designate Séjourné’s hearing in the European Parliament, European steel social partners, supported by cross-party MEPs, jointly call for an EU Steel Action Plan to restore steel’s competitiveness, and save its green transition as well as steelworkers’ jobs across Europe.
Brussels, 29 October 2024 – The European steel market faces an increasingly challenging outlook, driven by a combination of low steel demand, a downturn in steel-using sectors, and persistently high import shares. These factors, combined with a weak overall economic forecast, rising geopolitical tensions, and higher energy costs for the EU compared to other major economic regions, are further deepening the downward trend observed in recent quarters. According to EUROFER’s latest Economic and Steel Market Outlook, apparent steel consumption will not recover in 2024 as previously projected (+1.4%) but is instead expected to experience another recession (-1.8%), although milder than in 2023 (-6%). Similarly, the outlook for steel-using sectors’ output has worsened for 2024 (-2.7%, down from -1.6%). Recovery projections for 2025 are also more modest for both apparent consumption (+3.8%) and steel-using sectors’ output (+1.6%). Steel imports share rose to 28% in the second quarter of 2024.
Fourth quarter 2024 report. Data up to, and including, second quarter 2024