The European Steel Association can be contacted by calling:
Lucia Sali,
Spokesperson and Head of Communications,
Desk: 0032 (0) 2 738 79 35,
Mobile: 0032 (0) 492 97 97 52
Please write to:
Lucia Sali,
Spokesperson and Head of Communications,
l.sali@eurofer.eu
Twitter: @EUROFER_eu
Linkedin: EUROFER
Facebook: EUROFER
For general, non-media enquires please call +32 2 738 79 20 or write to mail@eurofer.eu.
Brussels, 11 September 2025 – The lack of a solution for steel in the EU-U.S. trade negotiations, the ongoing unpredictability of the global geoeconomic situation, and persistently weak demand against an ever-growing global steel overcapacity are squeezing the European steel market. In 2025, the outlook points to stagnation, with potential recovery only in 2026 — conditional on improvements in the global economy and an easing of trade tensions. According to EUROFER’s latest Economic and Steel Market Outlook, another recession both in apparent steel consumption (-0.2%, revised upwards from -0.9%) and in steel-using sectors (-0.7%, revised downwards from -0.5%) is confirmed for 2025. Growth prospects are now delayed at least to 2026, with projections of a rebound for both apparent steel consumption (+3.1%) and steel-using sectors (+1.8%). However, steel imports continue to hold historically high market shares (25%) in 2025.
Brussels, 10 September 2025 – Reacting to today’s State of the Union Address delivered by Commission President Ursula von der Leyen, Axel Eggert, Director General of the European Steel Association (EUROFER) said:
Brussels, 21 August 2025 – Joint written EU-U.S. statement broadly confirms the deal struck by Donald Trump and Ursula von der Leyen on 27 July: 15% U.S. import tariff on most EU products but 50% on EU steel, aluminium and their derivatives with the intention to consider working towards a tariff rate quota (TRQ) for EU exports and ring-fencing against global steel and aluminium overcapacity.