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Using the standard EN 19694-2 and appropriate thresholds for the use of scrap for an EU Taxonomy fit for purpose
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This short paper summarises our proposal for the use of the EN 19694-2 in place of the ETS benchmarks and the modification of the scrap eligibility criteria for the EU Taxonomy. EUROFER has provided a more detailed position in its contribution to the inception impact assessment on the EU taxonomy.
EN 19694-2 in place of ETS benchmarks
The steel value chain is a complex system of interconnected processes producing steel essentially via 2 complementary process routes:
We would like to reiterate that, in order to understand and assess/evaluate the environmental impact of activities of the steel industry, the entire life cycle needs to be taken into consideration, this in line with Article 19 (g) of the regulation. As part of a life cycle approach, it is key to assess the performance along the entire steel value chain, including all inter-connected steelmaking processes, in order to have consistent data and avoid misleading results which would compromise the existence of sustainable steel value chains in Europe.
This paper was updated on 21 October 2020.
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Brussels, 03 May 2023 – The year 2022 came to a close with a sharper-than-anticipated recession in apparent steel consumption (-7.2%) as steel demand shrank significantly, due to the energy crisis and the impact of the war in Ukraine. Although the worst seems to be over after the fourth quarter of 2022, apparent steel consumption is still projected to be negative (-1%) in 2023, before rebounding in 2024 (+5.4%). However, high uncertainty continues to cast a shadow on the outlook for 2023, which remains bleak. Although steel imports have decreased in tandem with demand, their market share is still historically high (23.4%).
Second quarter 2023 report. Data up to, and including, fourth quarter 2022
Joint industry statement