This infographic shows why the EU needs the EU steel safeguard - and why it needs to work. Steel is an intensively traded product in a market suffering from significant global overcapacity. This is affecting the financial and economic sustainability of the steel sector.
The safeguards are a justified trade policy response to import surges caused by external factors. The quota itself is based on the average volume data from 2015-2017. The quota increased by 5% in February 2019 and is schedule to increase by another 5% in July 2019. This expansion of the quota size is independent of the growth of the overall EU steel market.
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Brussels, 28 April 2025 - In April 2025, EUROFER and EUROMETAL leaders convened to discuss potential collaboration areas for strengthening messaging and initiatives to support the European steel and steel-using industries. This initial exploratory meeting was prompted by the Steel Dialogue on 4 March 2025, hosted by the European Commission, during which EUROMETAL raised concerns regarding the impact of imported steel derivatives on European distribution, processing, and manufacturing industries.
Developed with the support of the Offshore Wind Foundation Alliance and European Wind Tower Association, the position paper outlines the strategic importance of wind components for Europe’s green transition and calls for targeted measures to strengthen their role within the NZIA.
Brussels, 2 April 2025 - The latest data unveiled by the OECD in its meeting in Paris draw an extremely worrying picture, where global steel excess capacity is expected to grow from an estimated 602 million tonnes in 2024 to 721 million tonnes by 2027 – over five times the EU's steel production. The European steel industry - already severely hit by the spill-over effects of global overcapacity and the U.S. steel import tariffs - reiterates the crucial need for strict and effective EU post-safeguard measures to ensure its survival.
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
