EUROFER | Engage

The newsletter of the European Steel Association

EUROFER | Engage

The newsletter of the European Steel Assocation (EUROFER)

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Note from the Director General

EU budget agreement paves way for recovery after the pandemic.

The COVID pandemic has caused significant disruption to both the EU and the wider, global economy. The European steel industry is no exception, with production and demand both falling precipitously, more than in other steel-producing regions. As the first wave of the crisis has passed and lockdown measures have been loosened, economic activity has begun to pick up – slowly. However, the situation for the workforce and for the companies themselves is still dire with a second wave of infections jeopardising the fragile recovery.

Late in July, EU leaders gathered together in Brussels for what turned out to be a marathon four-day Council meeting. The results of this reunion were conclusions agreeing on a path for the EU's seven-year ‘multi-annual financial framework’, but also the recovery-focused ‘Next Generation EU’ fund.

It is vital that this latter Next Generation EU fund is deployed quickly, focusing on supporting sectors most at need – ie that have been most severely impacted by the pandemic-induced economic crisis – and that have the ambition to become low-carbon industries.

EU steel is a key example. Well before the crisis, European steelmakers had put proposals on the table to reduce their emissions by 30% by 2030 and by up to 80-95% by 2050 under the right conditions: a legal framework that keeps their investment in low-CO2 technologies competitive throughout the transition and thereafter, and that creates a market for green steel.

Now is the opportunity to lead in that transition – and to find out more about our proposed Green Deal on Steel, please visit the EUROFER website.

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This newsletter will be sent out monthly. If you have any questions or comments, please do not hesitate to contact the EUROFER team.

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Latest updates from the European Steel Association

Economic press release: Hard data for first quarter of 2020 underlines severe impact of COVID-19 pandemic on European steel

Brussels, 05 August 2020 – The COVID-19 pandemic has slashed steel consumption forecasts as well as the overall economic outlook across the EU and the world. Shutdown measures implemented by governments starting from March 2020 hugely impacted manufacturing activity and steel-using industrial sectors – with future data likely to show further sharp declines as it becomes available.
05 August 2020
“The coronavirus pandemic has cut the legs out from under the European steel industry, causing severe damage to the whole sector and its value chains”, said Axel Eggert, Director General of the European Steel Association (EUROFER)....

Economic and market outlook: Economic and steel market outlook 2020-2021, third quarter

Third quarter 2020 report
05 August 2020
The COVID-19 pandemic has slashed steel consumption forecasts as well as the overall economic outlook across the EU and the world....

Video: A Green Deal on Steel video series - episode 5

Carbon Direct Avoidance: pathway and projects.
03 August 2020
This is the fifth episode in EUROFER's Green Deal on Steel series: Carbon Direct Avoidance....

Video: A Green Deal on Steel video series - episode 4

Smart Carbon Usage: pathway and projects.
27 July 2020
This is the fourth episode in EUROFER's Green Deal on Steel series: Smart Carbon Usage....

Video: A Green Deal on Steel video series - episode 3

Carbon-lean steelmaking relies on new ways of doing things.
20 July 2020
This is the third episode in EUROFER's Green Deal on Steel series: The pathways to low-carbon steelmaking....

Press release: EU leaders must move swiftly to relaunch economy and uphold climate leadership

Brussels, 16 July 2020 - A Special European Council is taking place in Brussels on 17-18 July to discuss the EU’s long-term budget and Recovery Plan/Next Generation EU. The European Steel Association (EUROFER) welcomes the Recovery Plan but calls on leaders to take additional, immediate measures to ensure a quick and sustainable economic resurgence.
16 July 2020
“The Recovery Plan proposal focuses on investment in digitisation and the green transition from 2021 to 2024....
Address

The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium

Contact

Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20