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, 20 February 2026 – EU steel exports to the United States fell by 30% in the second half of 2025 compared to the same period in 2024, after the imposition of 50% tariffs according to new Eurostat data. The expansion of the U.S. tariff regime to include downstream steel-intensive products, such as machinery and equipment, is expected to amplify its impact on both EU steel producers and their customers. The European Steel Association (EUROFER) said the figures underscore the need for any EU-US trade agreement to be fair, balanced and enforceable.
Joint Industry Statement
Brussels, 11 February 2026 - The European Steel Association (EUROFER) has backed a call to action adopted by European companies and industries in Antwerp today, which includes a demand on the EU to take urgent action to bring electricity prices down as a condition for Europe’s industrial drive, competitiveness and economic resilience.
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