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.
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.
'We are ready - are you? Making a success of the EU Green Deal' summarises the main points from EUROFER's 'A Green Deal on Steel'.