As every year, the publication of the EUROFER Annual Report is an opportunity to recap the policy work conducted by the association throughout 2022, as well as to inspect the forthcoming priority work areas EUROFER will be facing in the next months.They will be crucial to ensure that the future of green steel is and will be in Europe, which is the essential condition for the EU to achieve global leadership in net zero and secure its strategic autonomy.
EU legislation such as the Gas & Hydrogen Package, the revision of the Electricity Market Design directive, the Hydrogen Bank and the Renewable Energy directive, is fundamental to set the right conditions for a truly EU energy market system that delivers. Maximum priority must be given as well to European projects for hydrogen infrastructure, whose development is lagging behind.
Similarly, ensuring access to critical materials for the green transition such as ferrous scrap and nickel is vital, even more so in a world where over 40 countries are already applying restrictions to exports. The Critical Raw Materials Act and the Waste Shipment regulation should take this
situation fully into account.
Facilitating investment in clean technologies, creating lead markets for green steel and promoting upskilling and adequate training opportunities for young steelmakers is also indispensable.
Be assured that, also this year, we will do our best to turn these challenges into opportunities for both the European steel industry and the EU. A strong and sustainable steel sector is the backbone of a healthy EU economy and its leadership in clean tech.
We trust that the reading of the EUROFER Annual Report 2023 will serve as a valuable resource for all those who are interested in the future of our industry and the role that it plays in the European economy.
The full report is available below.
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Brussels, 02 December 2025 – Unchanged negative conditions – U.S. tariffs and trade disruptions, economic and geopolitical tensions, protracted weak demand and still high energy prices – continue to weigh on the European steel market. EUROFER’s latest Economic and Steel Market Outlook confirms for 2025 another recession in both apparent steel consumption (-0.2%, unchanged) and steel-using sectors (-0.5%, revised from -0.7%). A potential recovery is expected only in 2026 for the Steel Weighted Industrial Production index (SWIP) (+1.8%, stable) and for apparent steel consumption (+3%, slightly revised from +3.1%) – although consumption volumes would still remain well below pre-pandemic levels. Steel imports retained historically high shares (27%), while exports plummeted (-9%) in the first eight months of 2025.
Fourth quarter 2025 report. Data up to, and including, second quarter 2025
Brussels, 27 November 2025 - The European ceramic, aluminium, ferro-alloys and steel industries express their deep concern about the potential impact of the EU-India FTA on strategic European industries if a sector-specific approach is not adopted and our sectors’ challenges are not duly considered.
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
