News » A Green Deal on Steel video series - episode 2
A Green Deal on Steel video series - episode 2
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This is the second episode in EUROFER's Green Deal on Steel series: the importance of energy in the success of the transition to low-carbon steelmaking.
Energy is key to achieving the steel industry’s low-carbon goals. The transition to carbon-lean steelmaking will require 400 terawatt-hours of CO2-free electricity per year.
This is almost the total electricity demand of France. It is seven times what the steel industry purchases from the grid today. This electricity needs to be ‘green’ and affordable.
Of this, nearly 250 terawatt-hours is needed for the production of 5.5 million tonnes of hydrogen, which would be used in new processes to make ‘green’ steel.
EU policymakers must help create a market for the resulting green steel, which may cost 35 to 100 percent more to produce than it does with the highly optimised processes currently in use.
The benefits to society from the availability of green electricity and green industrial products, such as green steel, are huge – so Europe needs to strive to make the energy transition as quickly and comprehensively as possible.
Brussels, 4 June 2025 – With U.S. blanket tariffs now raised to 50%, the only way to avoid the further erosion of the European steel market and another blow to European steelmakers is the swift implementation of the “highly effective trade measure” promised by the European Commission in its Steel and Metals Action Plan. A negotiated solution between the EU and the U.S. is also vital to preserve EU steel exports to the U.S., warns the European Steel Association.
How to design a watertight CBAM to protect the European steel industry from carbon leakage
Brussels, 8 May 2025 – Seventy-five years ago, on 9 May 1950, the Schuman Declaration laid the foundation for European unity, placing coal and steel at the heart of a unique peace project that has brought unparalleled prosperity across the continent and beyond. As the EU commemorates this milestone, the fate of Europe’s steel industry will once again determine Europe’s future.