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Urgent action needed to safeguard the European steel sector and jobs!
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European steel is at the heart of European industry and is responsible for 310,000 direct, and 2.2 million indirect jobs, in the EU. The triple energy, raw material and cost of living crises means that strong social dialogue and support at national and European level is more important than ever to safeguard the sector and protect jobs.
With energy costs around seven times higher than before the crisis and carbon at 70€/t, the European steel sector is buckling under huge bills, much higher than in those in other steel producing regions. The illegal invasion of Ukraine, which exasperated the energy crisis, has also led to a massive decrease or stoppage of traditional raw materials supply from Russia and Ukraine, such as iron ore, requiring European companies sourcing from other destinations at much higher costs. Furthermore, workers and citizens are suffering with EU inflation at 10% (September 2022).
The European Social Partners, the European Steel Association (EUROFER) and industriAll European Trade Union (industriAll Europe), call for urgent action to safeguard the European steel sector and protect these high skilled, quality jobs in Europe while also working towards a carbon-lean, environmentally responsible, circular, and internationally competitive European steel sector.
The twin green and digital transitions have never been more challenging, and additional investment and support will be needed to ensure that these transitions are a success 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.
Signed in Brussels, 17 October 2022
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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