On 16th March the Commission suggested policy measures to support the European steel sector to overcome its serious challenges, which are largely due to global overcapacity.
It set out how the European steel sector can overcome its short-term and long-term challenges with the support of Member States and the EU institutions.
A joint effort is needed to overcome these serious challenges fuelled by global overcapacity, a dramatic increase of exports and an unprecedented wave of unfair trading practices.
High energy costs and changing market conditions require energy-intensive industries to adapt and innovate to ensure their long-term competitiveness and sustainability.
EU press release here: