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EUROFER position on the EU Recovery Plan
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The European Steel Association welcomes the European Commission’s proposals for a Recovery Plan for Europe, published on 27 May, with the communication on 'Europe’s moment: Repair and Prepare for the Next Generation and the communication on the EU budget powering the recovery plan for Europe'.
It is however unlikely that the proposed measures will materialise before the second half of 2021. Additional short-term emergency measures are vital for sectors strongly hit, such as steel and its value chains. These should comprise, inter alia, immediate measures against distorting steel imports, incentives to stimulate demand in the downstream value chain (automotive, construction, mechanical engineering, …) and a force majeure clause for the EU ETS to ensure that the level of free allocation post- 2020 is not impacted by the COVID-19 crisis.
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Brussels, 11 July 2025 – The delay and ongoing uncertainty about a deal on tariffs between the EU and the U.S. further worsens the crisis for the European steel industry. U.S. steel tariffs at 50% are adding fuel to an already explosive situation, putting the sector at risk of losing all its exports to the U.S. and facing a surge of deflected trade flows redirected from the U.S. to the EU market. The lack of bold and timely implementation of the Steel and Metals Action Plan is further accelerating the sector’s deterioration, says the European Steel Association.
Brussels, 02 July 2025 – The 90% climate target proposed today by the European Commission demands an unprecedented transformation of EU society and industry in just 15 years. The European steel industry is already doing its part, but a viable business case for the transition is still lacking. To enable it, the EU needs to implement the Steel and Metals Action Plan much more decisively, delivering a highly effective trade protection against global overcapacity, access to internationally competitive low carbon energy and scrap, and a watertight CBAM, says the European Steel Association.
How global overcapacity is destroying European industries
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
