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Industry welcomes the European Commission’s work on the development of a regulatory framework for CO₂ transport infrastructure, which will be critical to achieving the EU’s climate objectives and enabling the scale-up of Carbon Capture, Utilisation and Storage (CCUS) as part of an integrated value chain, including emitters, transport, storage operators, and CO2 offtakes for use in products.
Proposed credit would allow European carmakers to meet 3% of their CO₂ targets through low-carbon steel made in the EU rising to 7.5% from 2035.
Brussels, 21 October 2026 - The European steel industry welcomes a compromise reached in the European Parliament yesterday on CO₂ standards for cars and vans, which includes a dedicated incentive for carmakers to use low-carbon steel Made in the EU.
As EU steel production rises, helping preserve up to 80,000 jobs, the industry reports €3.4 billion in investment decisions, with a further €2.4 billion expected by year-end.
Brussels, 1 October 2026 - The European Steel Association (EUROFER) has elected Geert Van Poelvoorde, Chairman of the Board of ArcelorMittal Europe Steel, as its new President. Taking office today, Mr Van Poelvoorde said stronger home markets across the steel value chain, secure access to export markets and a strong industrial base will be essential to delivering on the European Union’s ambitions for global competitiveness and strategic autonomy.
Steel industry could see annual carbon costs rise from around €3.4bn in 2026 to €8.2bn in 2031 under the proposed revision of the EU's ETS
Third Quarter Report, September 2026
First quarter of 2026 and Outlook for 2026-27
Brussels, 25 June 2026 - Europe's steel market remains under significant pressure despite modest improvements in demand, according to EUROFER's latest Economic and Steel Market Outlook 2026-2027.
Steel industry could see annual carbon costs rise from around €3.4bn in 2026 to €8.2bn in 2031 under the proposed revision of the EU's ETS
EUROFER strongly supports the Act’s objective of creating lead markets for low-carbon steel as a critical tool to unlock the massive investments needed for the green transition of the European steel industry and facilitate the market uptake of low-carbon steel.
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.