EU promises strong support for steel industry

The European steel industry, the cornerstone of the continent's value chain, is facing unprecedented challenges ranging from global overcapacity to rising energy costs. In her speech to the European Union, the President of the European Commission, Ursula von der Lein, promised to introduce measures supporting the industry. The European Steel Association (Eurofer) has stressed the urgent need for decisive action to protect Europe's steelworkers, protect jobs and promote a green transition.

In her speech, Ursula von Der Lein emphasized that the EU is in an existential struggle for security, independence, and a future of horror. She stressed her determination to propose measures that will support both the steel industry and clean production value chains, strengthening Europe's industrial autonomy.

Welcoming the attention of the President of the Commission to steel in her speech, Axel Eggert, CEO of Eurofer, said: "Our industry is currently facing the all-boiled investment challenge of decarbonization." He stressed that von der Lein's promise of proposals covering green products, trade, circular economy and energy was encouraging, but insisted that the speed of implementation was critical.

Trade protection: an urgent priority

Eurofer has called on the commission to strengthen and expand steel flood prevention measures. The Steel and Metals Action Plan, introduced in March, should be implemented without dilution to ensure Europe's industrial base.

"This is important to ensure Europe's strategic autonomy and clean future - which begins with a competitive steel industry, its value chain, and quality jobs at home," emphasized Mr. Eigert. 0:9).