Following the official introduction of the Industrial Acceleration Act (IAA) by the European Commission, several European industry organizations have commented on the legislation, expressing general support for its objectives, while highlighting a number of shortcomings that could limit its effectiveness.
The legislation aims to strengthen Europe's industrial base and accelerate the transition to low-carbon production, but stakeholders across sectors argue that additional policy measures and measures will be needed to ensure meaningful results. clearer definitions.
Steel industry calls for stricter 'Made in Europe' rules
The European Steel Association (EUROFER) has welcomed the publication of the Industrial Accelerator Act, calling it an important step towards strengthening European manufacturing and supporting the transition to low-carbon industrial production. However, the association warned that the current proposal may not sufficiently support green steel production in Europe. The legislation requires at least 25 percent of steel used in public procurement and state support schemes to meet low-carbon criteria, but the regulation does not require that steel to be produced in the EU.
EUROFER warned that the restriction could significantly weaken the impact of the policy. Government procurement accounts for approximately 25 percent of total steel demand in Europe, meaning the proposed requirement would impact
