EUROFER - Latest news GMK Center

European steelmakers have noted many improvements proposed for the mechanism

Steel imports into the EU accounted for 30% of total consumption last year

At the same time, the industry association is calling for further action to support the sector

The industry is calling for stricter rules of origin to avoid subsidizing imports and losing investment

The association is calling for the mechanism to be expanded, loopholes to be closed, and support for decarbonization to be accelerated

The global surplus of steelmaking capacity has reached 640 million tons and threatens investment, employment, and production in the EU

EUROFER has criticized the failure to assess the role of fossil fuels in setting energy prices

Shipments of finished goods increased by 9% y/y

After two quarters of decline, the market showed signs of recovery, but demand will grow slowly in 2026–2027

In addition, European energy-intensive industries have put forward demands for affordable electricity in the EU

EUROFER warns that expensive electricity is slowing down investment and decarbonization and threatening steel production

Weak recovery in 2025-2026 will not compensate for losses due to the energy crisis and low investment