Publications » Position papers » A call for a more effective application of existing EU policy instruments and improvements where needed
A call for a more effective application of existing EU policy instruments and improvements where needed
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Globalisation of markets and industries intensifies the distorting effects of government policies that unfairly protect and support domestic markets and industries. Thus, the EU needs to address more effectively State-led distortions that are undermining the viability of traditional and innovative European industries, both at home and abroad. The EU needs to be more assertive in using – and where needed modifying – existing tools as well as developing new policy instruments to ensure a level playing field for EU industries while at the same time creating much needed leverage at the multilateral (WTO) level. The new Commission’s encouraging political objectives and orientations need to be endorsed and supported by the Council and the European Parliament and effectively implemented by the Commission.
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.