Steel is the most versatile industrial material in the world. The thousands of different grades and types of steel developed by the industry make the modern world possible.
Steel is 100% recyclable and therefore is a fundamental part of the circular economy.
As a fundamental engineering material, steel is also an essential factor in the development and deployment of innovative, CO2-mitigating technologies, improving resource efficiency and fostering sustainable development in Europe.
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) has called on EU lawmakers to urgently adopt the new steel trade measure proposed by the European Commission last year, warning that weakening the proposal would put the European steel industry at risk.
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