Oxford Economics and EUROFER have just released the Impact of the European Steel Industry on the EU Economy: An updated and extended analysis study. Commissioned by EUROFER, the study broadens and updates the analysis first conducted for the Association in 2017 and published in 2018. The study finds new figures for total employment, now 2.6 million direct, indirect and induced jobs for the sector. The steel industry’s Gross Value Added is now €148 billion overall, with a new tax revenue impact of €60 billion. The tax assessment is an addition to this report over the previous edition. The jobs multiple for the sector is nearly 8x, going down into customer sectors that are also analysed in this report for the first time.
Immediate support is needed to address skyrocketing power prices, as well as structural measures securing affordable low carbon energy to meet the EU Green Deal's objectives
Ferrous and non-ferrous metals sectors call for establishing a level playing field and equivalent conditions for EXTRA-EU exported waste
Reconciling climate ambition and industrial competitiveness in the state aid framework.