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EUROFER comments on the draft EU climate law
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The European steel industry is committed to contributing responsibly to the achievement of the EU’s long-term climate objectives in line with the ambition of the Paris Agreement. With the enabling conditions in place, notably a supportive regulatory framework and wide access to competitive climate-neutral energy sources, the European steel industry will be empowered to developing, upscaling and rolling-out new technologies some of which have been already identified by our companies. This could reduce our sector’s emissions by 2050 by at least 80 to 95% compared to 1990 levels, thus making a major contribution to the EU’s climate neutrality.
The Climate Law offers the opportunity for a thorough reflection on EU climate policy and more broadly on the EU’s role in the global arena. The pursued “leading by example” strategy in combination with the unilateral climate neutrality objective gives the EU even greater responsibility since other countries will follow the EU’s leadership only if this shows to be successful in combining climate change mitigation with economic and industrial development as well as social acceptance. Hence, the scalability and reproducibility of the EU transition in third countries is an essential element for the continues success of EU climate leadership.
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Brussels, 2 April 2025 - The latest data unveiled by the OECD in its meeting in Paris draw an extremely worrying picture, where global steel excess capacity is expected to grow from an estimated 602 million tonnes in 2024 to 721 million tonnes by 2027 – over five times the EU's steel production. The European steel industry - already severely hit by the spill-over effects of global overcapacity and the U.S. steel import tariffs - reiterates the crucial need for strict and effective EU post-safeguard measures to ensure its survival.
Brussels, 19 March 2025 – The Steel and Metals Action Plan, unveiled today by the European Commission, provides the right diagnosis to the existential challenges facing the European steel industry. Concrete measures need to follow swiftly to reverse the decline of the sector, re-establish a level playing field with global competitors, and incentivise investment and uptake of green steel in the market.
Brussels, 12 March 2025 – The imposition of a 25% blanket tariff by the United States' administration on all steel imports exacerbates an already dire market environment for the European steel industry and poses a genuine threat to its future. The sector expects the European Union to respond with an effective revision of the steel safeguard measures that will mitigate the impact of the U.S. tariffs and ensure the longevity of the industry in the long-term, says the European Steel Association.