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EUROFER contribution to the inception impact assessment on the EU taxonomy
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The European Steel Association, EUROFER, welcomes the opportunity to contribute to the Commission’s Inception Impact Assessment on the EU Taxonomy for Sustainable Finance. On 9 March 2020, the EC Technical Expert Group on Sustainable Finance (TEG) published its final report on the taxonomy. Whilst there have been some improvements, the main concerns of the European steel industry still remain to be addressed.
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Brussels, 4 June 2026: One year after the United States imposed 50% tariffs on steel imports, European steel exports to the U.S. are down by one-third according to latest figures by the European Steel Association (EUROFER).
Production falls to record low despite recovery in demand
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.
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
