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The impact of the European steel industry on the EU economy
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Oxford Economics and EUROFER have just released the Impact of the European Steel Industry on the EU Economy: An updated and extended analysis study. Commissioned by EUROFER, the study broadens and updates the analysis first conducted for the Association in 2017 and published in 2018. The study finds new figures for total employment, now 2.6 million direct, indirect and induced jobs for the sector. The steel industry’s Gross Value Added is now €148 billion overall, with a new tax revenue impact of €60 billion. The tax assessment is an addition to this report over the previous edition. The jobs multiple for the sector is nearly 8x, going down into customer sectors that are also analysed in this report for the first time.
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Brussels, 25 March 2026 - The European Steel Association (EUROFER) has warned that the latest OECD data released in Paris today confirms a deepening global steel crisis and urged the EU to act swiftly to adopt its new steel trade measure.
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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.