International trade is essential for the European economy, and steel products are among the most intensively traded products in the world. Around a quarter of the 160 million tonnes of steel used in the EU every year is imported - and the EU is also a major steel exporter.
Trade policy issues are of central importance to EUROFER, because free and fair international trade conditions are the basis for the stability of the EU steel market. EUROFER welcomes free trade agreements that open up mutually accessible markets between trade partners and ensures fair access to public procurement tenders.
In particular, EUROFER monitors - on an ongoing basis - trade flows to ensure that imports into the EU are coming on a fair basis and are not dumped, produced using unfair subsidies or circumventing existing trade defence measures.
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.
European Steel in Figures 2024 is EUROFER's statistical handbook, laying out in an easy-to-use format the key statistics and data about the performance and footprint of one of Europe's most important strategic sectors
EUROFER's Annual Report 2024 looks back at the work of the Association and the performance of the European steel industry over the past year, and looks forward to the challenges ahead.