The European Commission has boosted its target to reduce emissions by 55% by 2030, compared to 1990 levels.
Reaching a 55% emissions reductions target will be a significant investment challenge for the EU steel industry without the right framework in place.
The EU needs this stable and predictable policy framework developed as soon as possible, one that tangibly helps deliver on Europe’s climate objectives and preserves the competitiveness of its industrial basis.
Brussels, 16 November 2020 – The European Steel Association (EUROFER) has welcomed the start of the registration of Turkish hot-rolled steel imports. This could potentially lead to the retroactive application of anti-dumping duties that are normally scheduled for January 2021.
Brussels, 28 October 2020 – The EU, along with 29 members of the Global Forum on Steel Excess Capacity (GFSEC), has called upon G20 leaders to address the massive global excess capacity in steel production. This Ministerial Statement comes ahead of the G20 leaders’ Virtual Summit in Riyadh on 21-22 November. EUROFER welcomes the leadership of the EU and the European Commission.
Brussels, 28 October 2020 – The COVID-19 pandemic continues to rage across Europe, with all steel-using sectors being affected. Apparent steel consumption in the EU fell (-25.5%) year-on-year in the second quarter of 2020, after a drop (-12%) in the first quarter. This was the most severe drop in EU steel consumption ever recorded.
Worldwide, October 22, 2020 - Steel industry associations in the Americas, Europe, Asia and Africa today renewed their call for governments of steel-producing economies to intensify their work in the Global Forum on Steel Excess Capacity (GFSEC).