As every year, the publication of the EUROFER Annual Report is an opportunity to recap the policy work conducted by the association throughout 2021, as well as to inspect the forthcoming priority work areas EUROFER will be facing in the next months.
EUROFER will continue to push for strengthened carbon leakage protection, together with faster access to affordable and alternative energy. Another strategic priority is to ensure access to scrap, and avoiding its export to third countries with lower environmental and social standards.
The European steel industry is committed to overcoming all these challenges, while reaffirming its strategic importance for the EU and its crucial role in tackling climate change.
We hope you find the EUROFER Annual Report 2022 an interesting and useful read.
The full report is available below.
Download this publication or visit associated links
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