About steel

An industry at the heart of the EU economy.

About steel

An industry at the heart of the EU economy

Steel is the most versatile industrial material in the world. The thousands of different grades and types of steel developed by the industry make the modern world possible.

Steel is 100% recyclable and therefore is a fundamental part of the circular economy.

As a fundamental engineering material, steel is also an essential factor in the development and deployment of innovative, CO2-mitigating technologies, improving resource efficiency and fostering sustainable development in Europe.

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Statement: CBAM simplification and effectiveness must go hand in hand - Improvements are urgently needed to enable steel decarbonisation investments in Europe

Brussels, 13 February 2025 – Following the high-level conference “A Carbon Border Adjustment Mechanism for Climate - Addressing carbon leakage to strengthen global climate action”, organised in Paris by the European Commission and the French Ministries of Finance, Economics and Climate Transition, EUROFER emphasises that simplification must go hand in hand with ensuring the instrument’s effectiveness. This means addressing key issues such as resource shuffling, exports, and the inclusions of products further down the value chain.

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Press release: Statement on U.S. steel tariffs by EUROFER President, Dr. Henrik Adam

Brussels, 11 February 2025

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Press release: Downside factors persist, no relief in sight for the steel market outlook in the short to medium term

Brussels, 06 February 2025 – The economic and geopolitical conditions that have affected the European steel market over the past two years show no signs of improvement and have further deepened their negative impact on the sector in 2024. Growing uncertainty continues to weigh also on 2025 and 2026, with the outlook hinging on unpredictable developments especially as regards international trade. According to EUROFER’s latest Economic and Steel Market Outlook, the recession in apparent steel consumption in 2024 will be steeper than previously projected (-2.3%, down from -1.8%) and the expected recovery in 2025 has now been downgraded (+2.2%, down from +3.8%). Similarly, steel-using sectors’ recession has been revised downwards for 2024 (-3.3% from -2.7%), while growth projections for 2025 have also been lowered (+0,9% from +1.6%). Some acceleration is not expected until 2026 (+2.1%). Steel imports remain at historically high levels (28%) also in the third quarter of 2024.

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Petra Kralova

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Chemicals, water and sustainability

Lucia Sali

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Sara Franzone

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Axel Eggert

Director General
The European Steel Association

Miikka Nieminen

Senior Manager
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Federico Benito Dona

Policy Assistant to the Director General

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About steel

An industry at the heart of the EU economy.

Page contents and site navigation

About steel

An industry at the heart of the EU economy

Latest updates

Catch up on recent news, press releases and publications by the European Steel Association

Statement: CBAM simplification and effectiveness must go hand in hand - Improvements are urgently needed to enable steel decarbonisation investments in Europe

Press release: Statement on U.S. steel tariffs by EUROFER President, Dr. Henrik Adam

Press release: Downside factors persist, no relief in sight for the steel market outlook in the short to medium term

Events

The European Steel Assocation holds a range of events throughout the year

The European Steel Association team

European Steel Association members

The European Steel Association's members operate steel production facilities across the EU

Find us

Address:

Phone:

E-mail:

Subscribe to our mailing lists

You can subscribe to the European Steel Association mailing lists, below. If you are journalist wishing to subscribe to the press mailing lists, please visit the press room (see top menu bar).

Address

Contact

Links

You can subscribe to the European Steel Association mailing lists, below.
If you are journalist wishing to subscribe to the press mailing lists, please visit the press room (see top menu bar).