Joint statement of the EU industry
Joint letter of the energy intensive industries to the EU Presidency
Brussels, 14 December 2022 – The future of European industry is at stake, threatened by an unresolved energy crisis, impacted by unilateral decarbonisation costs, and undermined by trading partners’ new regulatory frameworks to massively subsidise local investment with more predictable measures. In the coming days, EU leaders will make fundamental decisions for Europe's industrial future. Against the backdrop of the EU energy crisis and the US Inflation Reduction Act, the EU must urgently develop and implement an industrial policy mainstreaming industrial competitiveness in all policy fields and take decisive action to enable the green transition as well as to enhance the resilience of industry. This is a unique opportunity for the EU to remain a frontrunner in climate policy, says the European Steel Association.
Brussels, 18 December 2022 – On Saturday night EU institutions agreed on the revision of the Emissions Trading System following an earlier agreement on the Carbon Border Adjustment Mechanism. The final text sets new rules for the upcoming years until 2030, which constitute a critical period for the uptake of low carbon technologies at industrial scale in the steel sector. While the ETS revision introduces some stronger incentives for the uptake of new technologies to decarbonise industry, a pre-defined free allocation phase-out trajectory risks wiping out a large part of EU steel exports worth €45 billion if no concrete export solution is found before 2026, warns the European Steel Association.
Brussels, 17 January 2023 – The revision of the Waste Shipment Regulation adopted by the European Parliament in today’s plenary vote is a welcome step towards a more sustainable approach in waste exports to third countries. Still, it remains urgent to close some critical loopholes to avoid circumvention of the new measures and ensure watertight environmental and social standards equivalent to those of the EU, urges the European Steel Association (EUROFER).
Joint press release by WindEurope and Eurofer
First quarter 2023 report. Data up to, and including, third quarter 2022
Brussels, 01 February 2023 – The foundations of the Net-zero Age are made of steel, from wind turbines to electric vehicles. Steel is essential to make these clean tech value chains circular and carbon neutral. This is why the new EU Industrial Plan must have an overall vision, while its implementation will be crucial to adopt a value chain approach focusing on all key upstream and downstream sectors that are indispensable for reaching the EU’s climate and circular economy objectives. Competitiveness will be key to attract clean investment in the EU as the Inflation Reduction Act will do in the U.S., says the European Steel Association following the Commission Communication on the Green Deal Industrial Plan.
Brussels, 02 February 2023 – All downside factors that have materialised in the first half of last year have persisted, continuing to impact the European steel market. Apparent steel consumption is forecast to see a deeper-than-expected drop of -4.6% for 2022 (previously set at -3.5%). The outlook for 2023 also remains negative (-1.6%), paving the way for the fourth steel demand recession in five years. A modest recovery will be in sight in 2024 (+1.6%), though subject to high uncertainty. Despite a more general resilience of the EU economy, in the third quarter of 2022 apparent steel consumption reached its lowest level after the pandemic.
Joint statement
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The European Steel Association (EUROFER)
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