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The European steel industry welcomes the Commission proposal for the ‘Clean Steel - Low Carbon Steelmaking’ European Partnership
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The European steel industry welcomes the Commission proposal for the ‘Clean Steel - Low Carbon Steelmaking’ European Partnership
EUROFER, The European Steel Association, and ESTEP, the European Steel Technology Platform, welcome the proposal of the Commission for a co-programmed European Partnership on Clean Steel – Low Carbon Steelmaking.
The European steel community is fully committed to the mitigation of greenhouse gas emissions and to helping to meet the objectives of the Paris Agreement and the EU’s target of reducing domestic CO2 emissions by 80% to 95% by 2050 compared to 1990 levels. We believe that the partnership proposal represents an important step forward towards the demonstration of low-CO2 technologies in steelmaking and our future contribution to the meeting of the targets.
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Brussels, 13 February 2025 – Following the high-level conference “A Carbon Border Adjustment Mechanism for Climate - Addressing carbon leakage to strengthen global climate action”, organised in Paris by the European Commission and the French Ministries of Finance, Economics and Climate Transition, EUROFER emphasises that simplification must go hand in hand with ensuring the instrument’s effectiveness. This means addressing key issues such as resource shuffling, exports, and the inclusions of products further down the value chain.
Brussels, 11 February 2025
Brussels, 06 February 2025 – The economic and geopolitical conditions that have affected the European steel market over the past two years show no signs of improvement and have further deepened their negative impact on the sector in 2024. Growing uncertainty continues to weigh also on 2025 and 2026, with the outlook hinging on unpredictable developments especially as regards international trade. According to EUROFER’s latest Economic and Steel Market Outlook, the recession in apparent steel consumption in 2024 will be steeper than previously projected (-2.3%, down from -1.8%) and the expected recovery in 2025 has now been downgraded (+2.2%, down from +3.8%). Similarly, steel-using sectors’ recession has been revised downwards for 2024 (-3.3% from -2.7%), while growth projections for 2025 have also been lowered (+0,9% from +1.6%). Some acceleration is not expected until 2026 (+2.1%). Steel imports remain at historically high levels (28%) also in the third quarter of 2024.
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
