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Annual Report: European Steel in Action 2026
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In their foreword, EUROFER’s President Henrik Adam and Director General Axel Eggert underline a central message: as global competition intensifies and investment conditions come under increasing pressure, maintaining a strong steel industry in Europe is essential for economic resilience, strategic autonomy and the green transition.
The report examines the key EU policies impacting the industry that will determine whether Europe can remain competitive and decarbonise, including energy, trade, the Carbon Border Adjustment Mechanism, industrial lead markets, circular economy, innovation and environmental regulation.
It also provides an overview of the more than 90 legislative files, policy initiatives, expert groups and stakeholder platforms on which EUROFER is actively engaged.
Published the year EUROFER marks its 50th anniversary, and 75 years after the Treaty of Paris which placed steel at the heart of European integration, the report reflects on the industry's contribution to Europe while looking ahead to the challenges and opportunities that will shape its future.
Read the EUROFER Annual Report 2026 through the link below.
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.
Brussels, 1 October 2026 - Europe’s steel market remains under significant pressure, with exports falling sharply, production at historic lows and demand expected to remain almost flat in 2026, according to the European Steel Association’s (EUROFER) latest Economic and Steel Market Outlook 2026-2027. EU steel exports to third countries fell by 20% in the first half of 2026, with declines across all major export destinations covered by the report. At the same time, crude steel production continued to falter, after reaching a historic low of 125.8 million tonnes in 2025, while apparent steel consumption is forecast to grow by just 0.1% in 2026, before increasing by 2.3% in 2027.
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