EUROFER

The European steel industry directly provides 310 thousand jobs

The current gas price of around €200/MWh creates a difficult situation for energy-intensive industries

Current gas and electricity prices threaten the viability of the industry in Europe, the association believes

Steelmakers and industrialists from other energy-intensive industries emphasize the impossibility of continuing production in Europe under current conditions

The Waste Shipment Regulation (WSR) is the last chance to fix the scrap outflow and meet climate goals

Shipments of flat steel products from the EU decreased by 11% y/y in 6 months, and of graded rolled stee by 21% y/y

The overall dynamics of steel demand has a high level of uncertainty

According to EUROFER, EU Emissions Trading and Cross-border Carbon Tax Proposals derail green transition

Now, 48% of EU steel production is based on scrap, and more will be needed in the coming years

Reasons for the forecast update: the war in Ukraine, rising energy prices and the supply chains disruptions