Industry representatives expressed their support for the European Commission’s Steel and Metals Action Plan and the Clean Industrial Deal, urging for their swift implementation.
Participants highlighted that US tariffs not only directly affect European markets but also have broader implications, such as the impact on derivatives and the serious risk of trade diversion. They stressed the urgent need for the EU to propose new trade defense mechanisms beyond the current safeguards, which are set to expire in June 2026.
The diminishing availability of scrap for recycling within the EU was also a topic of concern. Representatives called for effective measures to ensure sufficient scrap volumes remain within the EU. Additionally, they emphasized the importance of increasing local content requirements, particularly pointing out the significant potential of public procurement in this regard.
Regarding the Carbon Border Adjustment Mechanism (CBAM), participants welcomed the Commission’s accelerated review process, particularly to close existing loopholes.
Von der Leyen and the sector agreed to maintain close communication to ensure that the interests of the industry and its workers are well-protected during this volatile period.
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