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Environmentally sustainable taxonomy eligibility criteria
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The steel industry has been invited to participate in the Technical Expert Group (TEG) on sustainable finance, and has provided comments on the second round consultation. As yet these comments have not been considered in the latest draft, and so this paper sets out in further detail the concerns of the steel industry and workable proposals to improve the taxonomy.
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Brussels 20 March 2026 - The European Steel Association (EUROFER) welcomes the European Council conclusions adopted 19 March that recognises affordable energy is essential to competitiveness, decarbonisation ambitions and Europe’s industrial future. However, the steel sector warns that unless the response measures are designed and implemented effectively, they risk falling short of delivering both immediate relief and the structural changes needed to protect Europe’s industrial base.
Brussels, 16 March 2026 According to the latest economic report from the European Steel Association (EUROFER), Europe’s steel market is estimated to have shown signs of growth. However, it also highlights how the sector’s outlook is clouded by imports having gained a record share of the EU market, falling European production, volatile energy prices and rising trade tensions.
First quarter 2026 report. Data up to, and including, third quarter 2025
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
