The most significant challenge of our time is climate change. The European steel industry is fully committed to the mitigation of greenhouse gas emissions, to helping meet the objectives of the Paris Agreement and the EU’s target of reducing domestic CO2 emissions by 80% to 95% by 2050 compared to 1990 levels. The required breakthrough innovation investments can only be made if the EU’s LongTerm Climate Change Policy Strategy sets out the ambition to apply:
This will ensure that low- C02 production, and the improved circularity of materials, is fostered. It will
also support innovation, jobs and growth – strengthening these bases and securing a bright future
for the EU’s economy and its citizens.
EUROFER holds bi-annual seminars on the state of the EU steel market. This event will be held ahead of the release of EUROFER's quarterly economic and market outlook. This quarter's edition will be online only due to COVID restrictions.
The European Commission published, on 21 September 2020, its revision of the EU ETS State Aid guidelines for the compensation of indirect carbon costs for the period 2021-2030.
The EU's Joint Research Centre has just published a detailed report on production costs for iron and steel in the EU and third countries, exploring the various production factors that make up the competitiveness of these sectors.