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, 17 September 2020 – The European Commission has today published its revised target to reduce emissions by 55% by 2030, compared to 1990 levels. While the European steel industry is already hard at work developing new ways to produce carbon-lean steels, the EU needs to implement a set of concrete measures, as soon as possible, to ensure that decarbonisation is achieved while actually ensuring growth and sustainability.
Brussels, 05 August 2020 – The COVID-19 pandemic has slashed steel consumption forecasts as well as the overall economic outlook across the EU and the world. Shutdown measures implemented by governments starting from March 2020 hugely impacted manufacturing activity and steel-using industrial sectors – with future data likely to show further sharp declines as it becomes available.
Brussels, 16 July 2020 - A Special European Council is taking place in Brussels on 17-18 July to discuss the EU’s long-term budget and Recovery Plan/Next Generation EU. The European Steel Association (EUROFER) welcomes the Recovery Plan but calls on leaders to take additional, immediate measures to ensure a quick and sustainable economic resurgence.
Brussels, 09 July 2020 – With the Global Forum on Steel Excess Capacity (GFSEC) having been reactivated, the European Steel Association (EUROFER) has called for an intensification of its ongoing work. The GFSEC is a key forum to establish the transparency necessary to map global overcapacity – a pre-condition to facilitate capacity reductions globally.