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The European steel industry welcomes the Commission proposal for the ‘Clean Steel - Low Carbon Steelmaking’ European Partnership
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The European steel industry welcomes the Commission proposal for the ‘Clean Steel - Low Carbon Steelmaking’ European Partnership
EUROFER, The European Steel Association, and ESTEP, the European Steel Technology Platform, welcome the proposal of the Commission for a co-programmed European Partnership on Clean Steel – Low Carbon Steelmaking.
The European steel community is fully committed to the mitigation of greenhouse gas emissions and to helping to meet the objectives of the Paris Agreement and the EU’s target of reducing domestic CO2 emissions by 80% to 95% by 2050 compared to 1990 levels. We believe that the partnership proposal represents an important step forward towards the demonstration of low-CO2 technologies in steelmaking and our future contribution to the meeting of the targets.
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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.