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

Fit for 55 package signals step-change in EU climate policy

The EU Climate Law - recently endorsed by the EU institutions – sets the ambition to reduce emissions by 55% by 2030 compared to 1990 levels and to reach climate neutrality by 2050. This target makes the EU by far the most ambitious major region worldwide in the field of climate policy.

This specific target forms part of the wider European Green Deal, first presented by the Commission in December 2019. This set out a detailed vision to make Europe the first climate-neutral continent by 2050, safeguard biodiversity, establish a circular economy and eliminate pollution, while boosting the competitiveness of European industry and ensuring a just transition for the regions and workers affected.

That political ambition is now to be made whole in a raft of legislation set to formally emerge on 14 July 2021 in the form of the Fit for 55 package, including: the revision of the EU Emissions Trading System (ETS), a Carbon Border Adjustment Mechanism (CBAM), revision of the Energy Tax Directive (ETD), amendments to the Renewable Energy and Energy Efficiency Directives, as well as others on the reduction of methane emissions from the power sector, greenhouse emissions from land use and rules on passenger cars and alternative fuels.

The Fit for 55 package is one of the most significant - and largest - groups of measures the EU has ever released in one go.

The European steel industry supports the objectives of the European Green Deal – and thus understands and supports the rationale behind the Great Leap of the Fit for 55 package – as long as it proves to be a strategy for growth: with effective carbon leakage protection, support for low carbon technologies (through de-risking instruments like carbon contracts for difference), demand-side measures to create markets for green steel, and affordable, low-carbon energy,.

Our sector already had the ambition to reduce CO2 emissions by 30% by 2030 compared to 2018 levels (which is the same as -55% compared to 1990). This reduction can only be achieved if the large number of advanced decarbonisation projects led by European steel companies – over 100 across Europe – are covered by a robust and supportive EU framework.

With the new, more ambitious EU climate target and increasing carbon price, it is ever more essential to prevent carbon leakage effectively.

EUROFER will be working hard to ensure that the best possible framework is created out of Fit for 55, ensuring that European steel can continue to be competitive during its transition to the green and sustainable future.


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Latest updates from the European Steel Association

Press release: Geert Van Poelvoorde re-elected as EUROFER President for fourth term

Brussels, 19 November 2021 – The board of the European Steel Association (EUROFER) has re-elected Geert Van Poelvoorde as President of the organisation for the fourth consecutive time. The board meeting, which took place yesterday, also saw the re-election of the nine EUROFER vice-presidents and the confirmation of the 20 members of the board. All are two-year terms.
19 November 2021
Mr Van Poelvoorde is a member of the Group management committee of ArcelorMittal and CEO ArcelorMittal Europe....

Press release: EUROFER welcomes joint EU-US statement on a Global Arrangement on Sustainable Steel and Aluminium

Brussels, 01 November 2021 – The European Steel Association (EUROFER) welcomes the statement of the EU and the US to tackle jointly shared challenges in the steel and aluminium sectors, including negotiating an arrangement on carbon intensity and global overcapacity, and replacing the current 25% tariff measure of the US Section 232 on EU steel imports by a tariff-rate quota regime (TRQ) based on historical volumes. The arrangement between the US and the EU is a first important step in favour of a globally decarbonised industry in light of COP26 negotiations.
01 November 2021
“We welcome the announcement of the agreement which could be the starting point of a new, transatlantic partnership tackling global trade distortions and climate change together, addressing the inter-linkage between both”, said Axel Eggert, Director General of the European Steel Association (EUROFER)....

Economic press release: Strong rebound in first half of 2021 but recovery slows down as uncertainty weighs on steel market

Brussels, 28 October 2021 – In the second quarter of 2021 EU27 apparent steel consumption recorded 40 million tonnes, scoring an exceptional year-on-year growth rate (+40.5%) compared to the extremely low levels of 2020 caused by the COVID-19 economic shock. The outlook, however, is turning increasingly uncertain at least for the last quarter 2021 and the first quarter 2022.
28 October 2021
“The strong rebound seen in the first half of the year driven by industry demand has probably reached its peak as growing uncertainty is slowing down recovery”, said Axel Eggert, Director General of the European Steel Association (EUROFER)....

Economic and market outlook: Economic and steel market outlook 2021-2022, fourth quarter

Fourth quarter 2021 report. Data up to, and including, second quarter 2021.
28 October 2021
The positive trend seen in apparent steel consumption as well as in steel-using sectoral output continued over the second quarter of 2021, at a considerably higher pace than in the first quarter of 2021....

Position paper: Joint statement on magnesium supply shortage

Cross-industry group of European metals-producing and -using industries and their workers warn against catastrophic impact of Chinese magnesium supply shortage
22 October 2021
Europe’s industry associations European Aluminium, Eurofer, ACEA, Eurometaux, industriAll Europe, ECCA, ESTAL, IMA, EUWA, EuroAlliages, CLEPA and Metals Packaging Europe have today issued an urgent call for action against the imminent risk of Europe-wide production shutdowns as a consequence of a critical shortage in the supply of magnesium from China....

Position paper: Joint statement: energy-intensive industries urge swift action to tackle unprecedented energy crisis

Immediate support is needed to address skyrocketing power prices, as well as structural measures securing affordable low carbon energy to meet the EU Green Deal's objectives
20 October 2021
Brussels, 20 October 2021 - Ahead of the European Council meeting, industry calls for immediate support to address the skyrocketing energy prices which endanger the post pandemic recovery, coupled with structural measures securing the affordable low carbon energy required to meet the objectives of the EU Green Deal....

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