The Commission’s Strategic Vision “A Clean Planet for all” indicates that deep CO2 emissions reductions in the steel sector are possible through a combination of technological pathways, including steel recycling, carbon capture utilisation and storage, process integration, and electricity/hydrogen-based metallurgy. At the same time, the Commission document confirms that the steel sector is themost exposed to carbon leakage among all energy intensive industries, both in terms of possible impact on output and on investment.
The transformation of the steel industry will require significant investment in the technologies required to decarbonise while the sector needs to remain competitive throughout the entire transition and beyond. External factors not directly controlled by the industry will play a crucial role, most importantly access to CO2-low energy/electricity and feedstock, as well as CO2 storage capacity, where available, at affordable prices. Considering the additional time required for technology uptake and deployment, it is essential that the most promising breakthrough technologies are tested and implemented at industrial scale as soon as possible in the coming decade.
Worldwide, October 22, 2020 - Steel industry associations in the Americas, Europe, Asia and Africa today renewed their call for governments of steel-producing economies to intensify their work in the Global Forum on Steel Excess Capacity (GFSEC).
Brussels, 20 October 2020 – The European Commission has today initiated an investigation into the dumping of wind towers on the EU market from China. Wind towers – used to make renewable electricity – are principally built using steel, and the opening of this investigation shows that steel-using sectors also need adequate trade remedies.
We need effective enabling policies for a Green Deal on Steel that sets out a clear action plan for the recovery of the steel industry and boosts our CO2 reduction efforts - serving as a blueprint for Europe.