As every year, the publication of the EUROFER Annual Report is an opportunity to recap the policy work conducted by the association throughout 2021, as well as to inspect the forthcoming priority work areas EUROFER will be facing in the next months.
EUROFER will continue to push for strengthened carbon leakage protection, together with faster access to affordable and alternative energy. Another strategic priority is to ensure access to scrap, and avoiding its export to third countries with lower environmental and social standards.
The European steel industry is committed to overcoming all these challenges, while reaffirming its strategic importance for the EU and its crucial role in tackling climate change.
We hope you find the EUROFER Annual Report 2022 an interesting and useful read.
The full report is available below.
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A snapshot of Europe’s steel industry in motion, with EUROFER at the forefront in a time of policy shifts and global uncertainty
Brussels, 05 June 2025 – The high level of uncertainty and major disruptions caused by the new U.S. tariffs have dealt a severe blow to recovery expectations in the steel market for 2025. Against the backdrop of broader economic resilience driven by services, industry remains weak, weighing on steel demand and consumption. Recovery is not expected before 2026, and only if positive developments emerge in the global geoeconomic outlook. According to EUROFER’s latest Economic and Steel Market Outlook, the recession in apparent steel consumption will continue in 2025 (-0.9%) for the fourth consecutive year (-1.1% in 2024), contrary to earlier forecasts of growth (+2.2%). A similar trend is expected for steel-using sectors, with another recession in 2025 (-0.5%, after -3.7% in 2024) instead of a projected recovery (+1.6%). Steel imports remained at historically high levels (27%) throughout 2024.
Second quarter 2025 report. Data up to, and including, fourth quarter 2024