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's response to the public consultation on the EU trade policy review
EUROFER supports the ambitious White Paper on Foreign Subsidies and agrees with the Commission on the presence of a regulatory gap, which we believe exists and needs to be filled.
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.