The Feralpi Group has called for greater support for the European steel industry

The company believes that Europe needs to move away from a purely regulatory approach

The Italian Feralpi Group called for greater support for the European steel industry during a meeting with Member of the European Parliament Benedetta Scuderi. This was stated in a company press release.

“Energy and raw materials, decarbonization, and international competitiveness. These are the main challenges facing the Italian and European steel industry today, and Europe must respond to them to support a sector that is of strategic importance for the EU’s economic and social stability,” Feralpi noted.

As Feralpi President Giuseppe Pasini emphasized, Europe plays a decisive role in the future of its steel industry and must shift from a purely regulatory approach to providing real and strategic support for production.

“Tools such as the Innovation Fund and the European Competitiveness Fund are aimed precisely at this—that is, at supporting energy-intensive industries to bridge the competitiveness gap,” he noted.

According to the company, it continues to consistently adhere to its decarbonization strategy, SteelOrbis reports. As early as 2024, over 80% of the technical investment plan was allocated to ESG-related projects and innovations in clean technologies.

At the same time, Pazini warned of a growing burden on the industry. In addition to high energy prices, Feralpi considers the growing shortage of ferrous scrap to be a particular challenge for the European steel industry.

Scuderi, a member of the European Parliament’s Committee on Industry, Research, and Energy, believes it is necessary to translate the dialogue with industry representatives into concrete work on EU legislation. In her view, Italian and European industry require an urgent shift in approaches based on energy security, more competitive energy prices, the development of renewable energy sources, the creation of a truly unified energy market, and increased public investment in infrastructure and networks.

As a reminder, German rebar producer Feralpi Stahl, a subsidiary of Feralpi Group, plans to expand production capacity at its plant in Riga.