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Economic and market outlook 2018-2019, first quarter
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In 2017 the EU manufacturing industry and construction sector benefited from an investment-led domestic upturn and improving exports. A healthy outlook for these steel users bodes well for EU steel demand in 2018 and 2019. The supply side situation could, however, continue to be negatively affected by import distortions.
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Brussels, 6 May 2026 - Europe’s steel industry has warned that the EU’s proposed Industrial Accelerator Act (IAA) risks undermining its industrial and climate ambitions, unless it ensures that demand for low-carbon steel prioritises production within the EU.
EUROFER strongly supports the Act’s objective of creating lead markets for low-carbon steel as a critical tool to unlock the massive investments needed for the green transition of the European steel industry and facilitate the market uptake of low-carbon steel.
The signatories call on the European Parliament and Council to ensure an effective and broad extension of the CBAM to relevant steel and aluminium intensive downstream industries.
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
