With the EU elections having taken place in May 2019, Europe is setting new priories and direction for the future. As an industry at the heart of the EU economy, the European steel industry is saying to policy makers: we need to innovate, trade, sustain and upskill to ensure a prosperous future for Europe and its citizens.
In the light of slowing demand, both generally and specifically for steel, persistently high global overcapacity of 550 million tonnes – 25% of global production capacity – high and volatile raw material and carbon prices, and surging imports, the European steel industry is facing potential crisis.
This manifesto sets out the footprint and importance of European steel to the EU economy, and explains why we need to make the industry more innovative, skilled and sustainable while also ensuring there is a robust trade policy that defends the sector against the challenges posed by overcapacity and trade surges.
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Brussels, 21 August 2025 – Joint written EU-U.S. statement broadly confirms the deal struck by Donald Trump and Ursula von der Leyen on 27 July: 15% U.S. import tariff on most EU products but 50% on EU steel, aluminium and their derivatives with the intention to consider working towards a tariff rate quota (TRQ) for EU exports and ring-fencing against global steel and aluminium overcapacity.
Brussels, 28 July 2025 — The European steel value chain is at a critical juncture. Deindustrialization is accelerating across both steel production, distribution and processing, threatening the resilience, competitiveness, and long-term sustainability of a sector essential to Europe's strategic autonomy and industrial base.
Brussels, 29 July 2025 – The proposal for a ‘highly effective’ new trade measure to counter global overcapacity and preserve the European steel industry’s capacities, published yesterday by France on behalf of a group of 11 Member States, is a timely initiative. The non-paper sets a clear course towards a comprehensive steel trade measure to replace the current safeguard regime at a critical moment, as the negative impacts of global overcapacity on the European steel industry continue to grow, says the European Steel Association (EUROFER).