The plan will ensure an affordable and secure energy supply for the sector, prevent carbon leakage, expand and protect European industrial capacities, promote circularity, protect quality industrial jobs, and ensure de-risking of decarbonisation.
Mar 20, 2025
In order to maintain and expand European industrial capacities in the steel & metal sectors, as well as strengthen the sectors’ competitiveness, the European Commission, the executive body of the European Union (EU), has come up with an ‘Action Plan on Steel and Metals’.
As per the Commission, the European steel industry is fundamental for the European economy, providing inputs to critical sectors such as automotive, clean tech and defence. At the same time, this sector is at a critical turning point, challenged by high energy costs, unfair global competition and the need for investments to reduce greenhouse gas emissions.
Commission President Ursula von der Leyen said, “We need to help our steelmakers who are facing strong headwinds on the global market. To make sure they remain competitive, we must reduce energy costs and help them introduce innovative, low-carbon technologies to the market. With today’s Action Plan we are offering concrete solutions for a thriving European steel industry.”
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The plan will ensure an affordable and secure energy supply for the sector, prevent carbon leakage, expand and protect European industrial capacities, promote circularity, protect quality industrial jobs, and ensure de-risking of decarbonisation.
