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EU steelmaking risks irreversible decline, Eurofer warns

( November 27, 2024, 11:55 GMT | Official Statement) -- MLex Summary: EU steelmakers face irreversible decline, and manufacturing value chains will “simply vanish” if robust actions aren’t taken, lobby group Eurofer has warned. It called for “assertive enforcement of the EU trade defense instruments,” a well-functioning carbon border tariff, affordable clean energy, and the retention of scrap steel in Europe. According to Eurofer, global steel overcapacity reached four times the EU annual steel production in 2023.Press release follows, PDF attached....

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