EU Action Plan on Steel and Metals
Submitted by:
Sara Waddington
On 19 March 2025, the European Commission took action to maintain and expand European industrial capacities in the steel and metals sectors. Its ‘Action Plan on Steel and Metals’ is designed “to strengthen the sector’s competitiveness and safeguard the industry’s future.”
“The European steel industry is fundamental for the European economy, providing inputs to critical sectors such as automotive, clean tech and defence. A strong steel and metals industry in Europe is crucial to guarantee the EU’s security in the current geopolitical [climate] and to deliver on the ‘ReArm Europe Plan/Readiness 2030 presented today,” it said.
“At the same time, this sector is at a critical turning point challenged by high energy costs, unfair global competition and the need for investments to reduce greenhouse gas emissions. The Plan is being delivered at a time when market-distorting measures, such as non-market support to global overcapacities and unjustified tariffs on EU steel and aluminium, can negatively impact our economy,” continued the European Commission.
European Commission President, Ursula von der Leyen, added: “The steel industry has always been a core engine for European prosperity. Next-generation, clean steel should therefore continue to be manufactured in Europe. That means we must help our steelmakers who are facing strong headwinds in the global market. To make sure they remain competitive, we must reduce energy costs and help them to introduce innovative, low-carbon technologies to the market. With today’s Action Plan, we are offering concrete solutions for a thriving European steel industry.”
The Action Plan aims to…….
To read the rest of this article, please see our full news item in ISMR’s April issue on https://joom.ag/b6jd/p6