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Annual Report: European Steel in Action 2026
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In their foreword, EUROFER’s President Henrik Adam and Director General Axel Eggert underline a central message: as global competition intensifies and investment conditions come under increasing pressure, maintaining a strong steel industry in Europe is essential for economic resilience, strategic autonomy and the green transition.
The report examines the key EU policies impacting the industry that will determine whether Europe can remain competitive and decarbonise, including energy, trade, the Carbon Border Adjustment Mechanism, industrial lead markets, circular economy, innovation and environmental regulation.
It also provides an overview of the more than 90 legislative files, policy initiatives, expert groups and stakeholder platforms on which EUROFER is actively engaged.
Published the year EUROFER marks its 50th anniversary, and 75 years after the Treaty of Paris which placed steel at the heart of European integration, the report reflects on the industry's contribution to Europe while looking ahead to the challenges and opportunities that will shape its future.
Read the EUROFER Annual Report 2026 through the link below.
Brussels, 12 June 2026 - Europe's steel industry has noted improvements made by EU ministers to the proposed reform of the Carbon Border Adjustment Mechanism (CBAM), but warns loopholes remain that could weaken both Europe's climate ambitions and industrial competitiveness.
Brussels, 4 June 2026: One year after the United States imposed 50% tariffs on steel imports, European steel exports to the U.S. are down by one-third according to latest figures by the European Steel Association (EUROFER).
Production falls to record low despite recovery in demand