News » New report on the impact of the European steel industry on the EU economy just published
New report on the impact of the European steel industry on the EU economy just published
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Oxford Economics and EUROFER have just released the Impact of the European Steel Industry on the EU Economy: An updated and extended analysis study. Commissioned by EUROFER, the study broadens and updates the analysis first conducted for the Association in 2017 and published in 2018. The study finds new figures for total employment, now 2.6 million direct, indirect and induced jobs for the sector. The steel industry’s Gross Value Added is now €148 billion overall, with a new tax revenue impact of €60 billion. The tax assessment is an addition to this report over the previous edition. The jobs multiple for the sector is nearly 8x, going down into customer sectors that are also analysed in this report for the first time.
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The European Steel Association (EUROFER) welcomes the European Commission’s adoption of provisional safeguard measures on imports of Grain-Oriented Electrical Steel (GOES).
Brussels, 16 September 2026 - Europe’s steel industry has welcomed European Commission President Ursula von der Leyen’s focus on competitiveness, affordable energy and a level playing field, saying these conditions were vital to keep industrial investment and production in Europe.