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European Council Conclusions on the Recovery Plan and Multiannual Financial Framework for 2021-2027
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The European Steel Association welcomes the European Council conclusion of 17-21 July 20201 on a comprehensive package of €1824.3 billion which combines the multiannual financial framework (MFF) 2021-2027 and an extraordinary EU recovery effort under the Next Generation EU (NGEU) instrument, helping the EU to rebuild after the pandemic and support investment in the green and digital transitions.
We also welcome the legislative proposals submitted by the Commission on 16July 2020 to reform the Research Fund for Coal and Steel (RFCS)2345 in order to secure sufficient support for R&D in the steel industry. The Fund that has a size of €1.5 billion was created mainly from contributions of the EU steel and coal industries. The proposed reform should free around €350 million for the Clean Steel Partnership for the period 2021 – 2027 from the RFCS assets and a yearly R&D spending of at
least €40 million.
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Brussels, 22 October - Ahead of the European Council meeting on 23 October, Europe’s steel and automotive industries — two strategic pillars of the EU economy — are issuing a joint call for a realistic and pragmatic pathway to transformation and keeping investments in Europe. Together, these sectors form the backbone of Europe’s industrial strength, supporting over 13 million jobs in automotive and 2.5 million in steel (directly and indirectly), and driving innovation across entire value chains.
Joint Statement
Strasbourg, 07 October 2025 – The new trade measure presented today by the European Commission is a long-awaited proposal to forcefully defend the European steel sector, in full respect of WTO rules, from unfair imports flooding the EU market due to massive global overcapacity. The provisions unveiled by the Commission respond to the needs of the sector and represent a real lifeline for EU steelmakers and steelworkers. The European Parliament and the Council should therefore adopt it as a matter of urgency to enable its entry into force at the beginning of 2026, says the European Steel Association (EUROFER).
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
