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, 03 May 2023 – The year 2022 came to a close with a sharper-than-anticipated recession in apparent steel consumption (-7.2%) as steel demand shrank significantly, due to the energy crisis and the impact of the war in Ukraine. Although the worst seems to be over after the fourth quarter of 2022, apparent steel consumption is still projected to be negative (-1%) in 2023, before rebounding in 2024 (+5.4%). However, high uncertainty continues to cast a shadow on the outlook for 2023, which remains bleak. Although steel imports have decreased in tandem with demand, their market share is still historically high (23.4%).
Second quarter 2023 report. Data up to, and including, fourth quarter 2022
Joint industry statement