Publications » Position papers » A Green Deal on Steel
A Green Deal on Steel
Downloads and links
Recent updates
Europe has the opportunity before it to lead the transformation of its economy to a future in which it is carbon-lean, environmentally responsible, circular and able to compete internationally. Steel is central to the EU economy, and it underpins the development of major manufacturing sectors right along the value chain.
With supportive conditions in place, notably the right infrastructure and a supportive regulatory framework, the European steel industry will be empowered and fully committed to the EU’s climate objectives and sustainable growth targets. The sector would be able to develop, upscale and rollout new technologies that could reduce EU steel production’s CO2 emissions by 30% by 2030 and by 80 to 95% by 2050, while contributing to greenhouse gas mitigation across all sectors.
Download this publication or visit associated links
Brussels, 2 April 2025 - The latest data unveiled by the OECD in its meeting in Paris draw an extremely worrying picture, where global steel excess capacity is expected to grow from an estimated 602 million tonnes in 2024 to 721 million tonnes by 2027 – over five times the EU's steel production. The European steel industry - already severely hit by the spill-over effects of global overcapacity and the U.S. steel import tariffs - reiterates the crucial need for strict and effective EU post-safeguard measures to ensure its survival.
Brussels, 19 March 2025 – The Steel and Metals Action Plan, unveiled today by the European Commission, provides the right diagnosis to the existential challenges facing the European steel industry. Concrete measures need to follow swiftly to reverse the decline of the sector, re-establish a level playing field with global competitors, and incentivise investment and uptake of green steel in the market.
Brussels, 12 March 2025 – The imposition of a 25% blanket tariff by the United States' administration on all steel imports exacerbates an already dire market environment for the European steel industry and poses a genuine threat to its future. The sector expects the European Union to respond with an effective revision of the steel safeguard measures that will mitigate the impact of the U.S. tariffs and ensure the longevity of the industry in the long-term, says the European Steel Association.