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EUROFER contribution to the inception impact assessment on the EU taxonomy
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The European Steel Association, EUROFER, welcomes the opportunity to contribute to the Commission’s Inception Impact Assessment on the EU Taxonomy for Sustainable Finance. On 9 March 2020, the EC Technical Expert Group on Sustainable Finance (TEG) published its final report on the taxonomy. Whilst there have been some improvements, the main concerns of the European steel industry still remain to be addressed.
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Brussels, 26 February 2026 — Europe’s steel industry has warned that the current draft Industrial Accelerator Act could direct public support for low-carbon steel to producers outside the European Union, unless lawmakers include and tighten ‘Made in Europe’ provisions.
Brussels, 24 February 2026 - Europe’s energy-intensive industries have set out a series of proposals to ensure that the EU’s upcoming Electrification Action Plan delivers on its objectives to stimulate and boost electricity consumption in industry. In a joint position paper, industries warn that persistently high electricity prices risk undermining industrial competitiveness and decarbonisation efforts. They call for a policy framework that will enable EU industry in pursuing decarbonisation and industrial competitiveness.
Energy-intensive industries (EIIs) provide direct employment to around 2.6 million people in the EU and represent the foundations of critical and strategic value chains for the EU economy and society. The current economic and energy outlook of the European Union is making investments in electrification and the continued business operation of our sectors at serious risk, should the energy-cost challenge not be solved.
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
