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EUROFER & WV Stahl - The Green Deal and European Steel: The example of the German Steel Action Plan
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The joint EUROFER & WV Stahl webinar - The Green Deal and European Steel: The example of the German Steel Action Plan - 24 February from 11:00 till 12:30
About the webinar
The Green Deal and European Steel: The example of the German Steel Action Plan
The European steel industry is facing serious challenges. As a result of reduced global demand, steel production in the EU has significantly dropped and the sector’s workforce has continuously declined. The economic downturn of the Covid-19 pandemic is adding to these structural difficulties, making resolute action a necessity.
At the same time, the steel industry counts as most advanced among energy-intensive industries in terms of its CO₂ footprint. Not only it produces 100% recyclable materials for EU key industries such as automotive, construction, or medical devices, but it is already fully committed to cut its emissions by 30% until 2030, and is well headed to achieve carbon neutrality by 2050.
Therefore, an EU Green Deal on Steel, addressing both the sector’s structural problems and its potential as a frontrunner on how hard-to-abate industries can lower their emissions, could serve as blueprint for the whole EU industrial sector.
The German Steel Action Concept “For a strong steel industry in Germany and Europe” (see German version here) shows us that climate action and the continued existence of competitive energy-intensive industries can complement one another in fruitful ways.
Join this webinar to discuss what a Green Deal on Steel might look like and, building on the German concept, what mix of policy tools can help the sector most in making a substantial contribution to the EU’s ambitious climate goals while best ensuring its competitiveness.
When & where?
The webinar took place on Wednesday, 24 February 2020 from 11:00-12:15 online, via Zoom.
Who is invited?
The seminar was open to anyone interested in learning about the German Steel Action Concept, the Green Deal on Steel and what the European steel industry is doing to help meet the EU's climate ambition.
Schedule
Times are indicative only
11:00 | Introductory joint statement
Moderation by Jacki Davis
Building on the German Steel Action Concept at EU level
11:10 | Video statement
11:20 | Panel discussion & Q&A
Moderation by Jacki Davis
How could an Action Plan for European steel reinforce the EU Green Deal?
12:30 | End of discussion
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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.
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