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Towards carbon neutrality: A European Partnership for Clean Steel
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The most significant challenge of our time is climate change. The European steel industry is fully committed to the mitigation of greenhouse gas emissions, to helping 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. The required breakthrough innovation investments can only be made if the EU’s LongTerm Climate Change Policy Strategy sets out the ambition to apply:
This will ensure that low- C02 production, and the improved circularity of materials, is fostered. It will
also support innovation, jobs and growth – strengthening these bases and securing a bright future
for the EU’s economy and its citizens.
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Brussels, 15 July 2024 – The proposal for a European Pact for Steel, presented by the German delegation to the European People’s Party (EPP), is a timely initiative in view of the start of the new EU legislative period. The European Steel Association strongly backs the creation of an EU high-level group, led by a renowned political personality, to ensure the success of the transition of the EU steel sector with rapid interventions, and urges Commission President Ursula von der Leyen to endorse it.
Brussels, 25 June 2024 – The EU decision to continue the steel safeguard for another two-year period is a much-needed step towards ensuring the stability of the steel market amidst the highest levels of import penetration ever recorded in the EU. However, as global excess capacity is projected to increase even further in the coming years, a longer-term solution needs to be developed to address this structural challenge, says the European Steel Association.
Joint Statement