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Input for the consultation on the new circular economy action plan
Steel is one of the most recycled materials in the world, playing a vital role as an enabler for transitioning to a CO2 neutral and circular economy. It is possible to recycle steel multiple times into same quality or even better quality steel, a permanent material. Steel inherent properties make it more versatile, durable and even separable than other materials. Thus, steel is a material permanently available to society, a “permanent material”.
However, notwithstanding the previous EU action plan on circular economy, there are still barriers which limit the contribution of the steel sector to the EU transition towards a circular economy. In the following paragraphs, EUROFER summarises its suggestions and proposals on how to support the initiatives contained in the roadmap and how to achieve the goals without hampering the industrial transition.
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.
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