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Revision of the Environmental and Energy Aid Guidelines (EEAG)
The steel industry has had a longstanding presence in Europe and remains an important employer of skilled labour. Furthermore, the industry also supports significant activity and jobs in a range of other industries throughout the EU, as a result of the large amount of money spent on the materials and services used in the steel production process. Crucially, steel makes a powerful contribution to the continent’s standard of living, by forming a key input in the work of other industrial sectors. In turn, many of these customer industries produce items essential for the functioning of the wider EU economy.
In 2017, the European steel industry made a €25 billion direct contribution to the standard ‘gross value added’ measure of EU-wide production (hereafter referred to as GVA). However, the industry’s total GVA impact that year, when supply chain and staff spending impacts are also included, was much higher, at €148 billion. This overall contribution exceeded the total GVA produced in the region of Berlin in 2017.
EUROFER holds bi-annual seminars on the state of the EU steel market. This event will be held ahead of the release of EUROFER's quarterly economic and market outlook. This quarter's edition will be online only due to COVID restrictions.
The European Commission published, on 21 September 2020, its revision of the EU ETS State Aid guidelines for the compensation of indirect carbon costs for the period 2021-2030.
The EU's Joint Research Centre has just published a detailed report on production costs for iron and steel in the EU and third countries, exploring the various production factors that make up the competitiveness of these sectors.