Modern society would be impossible without steel. The European Steel Industry Vision is based on the decisive contribution of steel to European socio-economic growth and sustainable production, as well as the Circular Economy, which is expected to become even more important in the future.
In the short term, the sustainability of the European steel industry will depend upon meeting the formidable challenge of remaining economically viable against a background of excess global supply.
In the short, medium and long term, the European steel industry:
Steel has significant social value and is by far one of the most important, multi-functional and adaptable materials.
Late April and early May 2021 have seen record rises in the price of EU emission Allowances (EUAs), reaching €50 per tonne of CO2.
Brussels, 06 May 2021 – The European Steel Association (EUROFER) welcomes the release of the EU’s updated industrial policy strategy, and the inclusion of a specific analysis on steel. It shows the EU’s support for sectors, such as steel, that are strategic to the European economy and that are pushing to rally and decarbonise in the post-COVID era, but that are dependent on an enabling framework preventing carbon leakage.
Second quarter 2021 report. Data up to, and including, fourth quarter 2020.