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We are ready - are you? Making a success of the EU Green Deal
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A plan of action: A Green Deal on Steel
Agreement on a comprehensive plan for green steel is required to allow companies and investors
today to make investment decisions for next decade. We welcome the approach of the German EU
presidency in setting out an action concept for the steel industry. This initiative can and should serve
as the basis for agreement on an action concept at an EU level, with a coordinated approach for the
EU’s industry, climate, energy, trade, recovery, and related policies.
An action plan shaping markets for green steel, the circular economy and a global level playing field
would address the following policy fields:
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Brussels, 03 May 2023 – The year 2022 came to a close with a sharper-than-anticipated recession in apparent steel consumption (-7.2%) as steel demand shrank significantly, due to the energy crisis and the impact of the war in Ukraine. Although the worst seems to be over after the fourth quarter of 2022, apparent steel consumption is still projected to be negative (-1%) in 2023, before rebounding in 2024 (+5.4%). However, high uncertainty continues to cast a shadow on the outlook for 2023, which remains bleak. Although steel imports have decreased in tandem with demand, their market share is still historically high (23.4%).
Second quarter 2023 report. Data up to, and including, fourth quarter 2022
Joint industry statement