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IndustriAll Europe reports on the European steel sector

IndustriAll Europe emphasized that the steel and base metals sector in Europe is in crisis in its discussions with trade unions following the protest on February 5.

IndustriAll Europe reports on the European steel sector

The economic and geopolitical challenges of the last two years have deeply affected the sector, it said, while in 2024 the negativity is deepening and growing uncertainty is increasing the risk of deindustrialization. Among the reasons for this situation, macroeconomic policies in Europe, declining demand in sectors such as automotive and rising energy prices were cited as the main factors triggering the crisis. It was also stated that excess production capacity is filling the European market and putting local steel production under pressure.

IndustriAll Europe Secretary General Judith Kirton-Darling stated that plant closures and job losses are accelerating and called for urgent measures. “We cannot accept that high-skilled steel jobs are being replaced by cheap, high-emission imports. The EU must not turn decarbonization into deindustrialization.”
The union called for a comprehensive EU Steel Action Plan to safeguard Europe's economic and strategic sovereignty and called on policymakers and industry leaders to take action.

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