News » Joint Statement: European social partners commit to working towards a competitive transition of the European steel sector
Joint Statement: European social partners commit to working towards a competitive transition of the European steel sector
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With energy and raw material costs remaining high, global overcapacity continuing to increase, and no end in sight for the cost-of-living crisis in Europe, the European steel social partners, industriAll European Trade Union and EUROFER commit to continue to work together to support the twin green and digital transition of the European steel industry and its workers.
European steel is essential for the green transition and is at the heart of European industry providing 310,000 direct, and 2.2 million indirect jobs, in the EU. Ahead of the EU elections in 2024, various pieces of EU legislation need to be finalised with the aim of ensuring a more sustainable future for the steel industry in Europe.
Now more than ever, the European steel sector and its workers need to see increased support for investment to ensure that the green and digital transitions are managed successfully 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.
27 November 2023
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
The existential threat posed by worsening non-market excess capacity cannot be ignored.