News » A Green Deal on Steel video series - episode 1
A Green Deal on Steel video series - episode 1
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The European Steel Association (EUROFER) has published the first of its Green Deal on Steel video series, exploring how steel could make the transition to becoming central to the low-carbon, circular economy by 2050, under the right conditions.
The EU launched its Green Deal for Europe in late 2019, and has made the Green Deal an integral part of its plan to relaunch the European economy in the wake of the COVID-19 pandemic.
EUROFER is convinced that a Green Deal on Steel could be a flagship for the wider EU Green Deal. The European steel sector is one of the most advanced industries in terms of its forward planning for its green transition.
EUROFER has set out a series of pathways towards reaching its climate change commitments, including mapping out the pathways the sector will eventually be able to go down to dramatically reduce its emissions over the next 30 years.
Watch the video here, or you can find it on youtube using the links below.
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Brussels, 06 February 2025 – The economic and geopolitical conditions that have affected the European steel market over the past two years show no signs of improvement and have further deepened their negative impact on the sector in 2024. Growing uncertainty continues to weigh also on 2025 and 2026, with the outlook hinging on unpredictable developments especially as regards international trade. According to EUROFER’s latest Economic and Steel Market Outlook, the recession in apparent steel consumption in 2024 will be steeper than previously projected (-2.3%, down from -1.8%) and the expected recovery in 2025 has now been downgraded (+2.2%, down from +3.8%). Similarly, steel-using sectors’ recession has been revised downwards for 2024 (-3.3% from -2.7%), while growth projections for 2025 have also been lowered (+0,9% from +1.6%). Some acceleration is not expected until 2026 (+2.1%). Steel imports remain at historically high levels (28%) also in the third quarter of 2024.
First quarter 2025 report. Data up to, and including, third quarter 2024
Brussels, 04 February 2025 – The European Steel Association (EUROFER) supports the demonstration of thousands of industry workers taking place tomorrow, 5 February, in Brussels, organised by industriAll Europe. Steel workers from across the EU will join workers from other manufacturing industries to call on the European Commission to save our industry and preserve employment by investing in good industrial jobs and the transition, while combating global overcapacity and unfair trade.