The European Steel Association welcomes the European Commission’s proposals for a Recovery Plan for Europe, published on 27 May, with the communication on 'Europe’s moment: Repair and Prepare for the Next Generation and the communication on the EU budget powering the recovery plan for Europe'.
It is however unlikely that the proposed measures will materialise before the second half of 2021. Additional short-term emergency measures are vital for sectors strongly hit, such as steel and its value chains. These should comprise, inter alia, immediate measures against distorting steel imports, incentives to stimulate demand in the downstream value chain (automotive, construction, mechanical engineering, …) and a force majeure clause for the EU ETS to ensure that the level of free allocation post- 2020 is not impacted by the COVID-19 crisis.
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.