THE PLAN
AN EU TRADE POLICY THAT WORKS FOR INDUSTRIAL RESILIENCE
Worsening global steel excess capacity – according to the OECD at over 550 million tonnes, four times more than annual EU steel production – is an existential threat to the sustainability of the European steel industry.
AN EFFECTIVE CARBON BORDER ADJUSTMENT MECHANISM TO PREVENT CARBON LEAKAGE
The Carbon Border Adjustment Mechanism (CBAM) aims to gradually replace the current system of partial Emission Trading Scheme (ETS) free allowances as a carbon leakage protection measure.
AN EU ENERGY POLICY FOR CLEAN AND AFFORDABLE ENERGY
The EU steel industry is at a competitive disadvantage to other producing regions with regard to energy costs, as recently recognised in the Draghi Report on competitiveness.
EU POLICY TO CREATE GREEN LEAD MARKETS FOR GREEN STEEL MADE IN EUROPE
The creation of green lead markets is essential to drive demand for green steel.
EU POLICY TO SUPPORT INVESTMENTS IN THE TRANSFORMATION
The transformation to clean production technologies requires unprecedented capital investment and will result in significantly higher operational cost during the transition.
SECURE ACCESS TO CRITICAL RAW MATERIALS FOR STEEL
Steel scrap is a strategic secondary raw material for the European steel industry, as it contributes to environmental goals by reducing the use of virgin raw materials, energy and CO2 emissions.
EU SOCIAL POLICY FOR GOOD INDUSTRIAL JOBS
Europe has a longstanding and proud history of steel production, and steel workers take pride in their work which is the foundation of European manufacturing. These are good quality jobs, with decent pay and working conditions, and high health and safety standards.