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Policy options for the Product Environmental Footprint (PEF)
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The EF methodology should be used as an underlying approach in supporting product policies, rather
than a policy in itself.
Potential benefits of using the EF method in product policy:
EUROFER sees the need for a coherent product policy framework that supports a circular economy and sustainability, giving full recognition to materials at the design stage that are fit for circularity and support sustainable outcomes. We see a lifecycle approach in product policy as the only way to achieve this, and the EF method could provide the coherence if it is used in existing product policies that focus on different lifecycle stages e.g. design, production, use or end of life.
We believe the greatest benefit of PEF can be achieved when applied in end-product applications, rather than in the supply chain of semi-finished products. This is because the product design stage, including the materials used and other product design choices, has the greatest potential to improve environmental performance of a product, and in particular the degree of circularity achieved during the waste management of products at end-of-life.
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Brussels, 16 May 2024 – The initiation of a new anti-dumping investigation on imports of tinplated steel products from China announced today by the European Commission is an important step towards restoring a level playing field for the EU producers, says the European Steel Association welcoming the opening of the procedure.
Brussels, 07 May 2024 – The European Commission has today published two Regulations extending the anti-dumping and countervailing measures in force on imports of stainless steel cold-rolled flat products (SSCR) originating in Indonesia to imports of SSCR from Taiwan, Turkey and Vietnam. EUROFER welcomes the extension of the duties and the introduction of import requirements connected to strict monitoring of imports.
The outlook for the European steel market in 2024 continues to lose momentum amidst persisting challenging conditions. Downside factors such as worsening geopolitical tensions, coupled with growing economic uncertainty, energy prices, inflation, interest rates have further impacted demand prospects. According to EUROFER’s latest Economic and Steel Market Outlook, these challenges have exacerbated the negative effects on apparent steel consumption, resulting in a more severe downturn in 2023 than previously projected (-9%, instead of -6.3%) and weaker growth in 2024 (+3.2%, instead of +5.6%). Output in steel-using sectors, despite showing more resilience than expected in the past year (+1.1%), is now set to decline (-1%). Imports are once again on the rise (+11% in the last quarter of 2023), capturing a staggering 27% market share throughout 2023.