EUROFER: Robust EU-US Global Arrangement needed to address EU steelmakers’ existential challenges, says EU producers lost 30 million tonnes of sales last 10 years; UN climate target also not achievable if global steelmakers aren't decarbonized by 2050

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October 13, 2023 (press release) –

Brussels, 13 October 2023 – The EU-US Summit planned for 20 October in Washington should pave the way for a global solution to tackle the two existential challenges facing the steel industry worldwide: non-market excess capacity and carbon intensity. Only a strong, international binding agreement can adequately respond to a new global context where government-fuelled, carbon-intensive excess capacity has reached 600 million tonnes, urges the European Steel Association.

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