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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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Joint statement
First quarter 2023 report. Data up to, and including, third quarter 2022
Brussels, 02 February 2023 – All downside factors that have materialised in the first half of last year have persisted, continuing to impact the European steel market. Apparent steel consumption is forecast to see a deeper-than-expected drop of -4.6% for 2022 (previously set at -3.5%). The outlook for 2023 also remains negative (-1.6%), paving the way for the fourth steel demand recession in five years. A modest recovery will be in sight in 2024 (+1.6%), though subject to high uncertainty. Despite a more general resilience of the EU economy, in the third quarter of 2022 apparent steel consumption reached its lowest level after the pandemic.