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Using the standard EN 19694-2 and appropriate thresholds for the use of scrap for an EU Taxonomy fit for purpose
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This short paper summarises our proposal for the use of the EN 19694-2 in place of the ETS benchmarks and the modification of the scrap eligibility criteria for the EU Taxonomy. EUROFER has provided a more detailed position in its contribution to the inception impact assessment on the EU taxonomy.
EN 19694-2 in place of ETS benchmarks
The steel value chain is a complex system of interconnected processes producing steel essentially via 2 complementary process routes:
We would like to reiterate that, in order to understand and assess/evaluate the environmental impact of activities of the steel industry, the entire life cycle needs to be taken into consideration, this in line with Article 19 (g) of the regulation. As part of a life cycle approach, it is key to assess the performance along the entire steel value chain, including all inter-connected steelmaking processes, in order to have consistent data and avoid misleading results which would compromise the existence of sustainable steel value chains in Europe.
This paper was updated on 21 October 2020.
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The outlook for the European steel market in 2024 continues to lose momentum amidst persisting challenging conditions. Downside factors such as worsening geopolitical tensions, coupled with growing economic uncertainty, energy prices, inflation, interest rates have further impacted demand prospects. According to EUROFER’s latest Economic and Steel Market Outlook, these challenges have exacerbated the negative effects on apparent steel consumption, resulting in a more severe downturn in 2023 than previously projected (-9%, instead of -6.3%) and weaker growth in 2024 (+3.2%, instead of +5.6%). Output in steel-using sectors, despite showing more resilience than expected in the past year (+1.1%), is now set to decline (-1%). Imports are once again on the rise (+11% in the last quarter of 2023), capturing a staggering 27% market share throughout 2023.
Second quarter 2024 report. Data up to, and including, fourth quarter 2023
Brussels, 22 March 2024 – The future of a strong and resilient EU can only be forged with steel made in Europe. Europe-made low-carbon steel has a strategic role as it enables a net-zero economy, but today it faces strong headwinds from high energy prices, unfair competition, global overcapacity and growing unilateral carbon costs. The year 2023 has recorded the lowest European crude steel production levels ever, with a number of idled plants and dire impact on workers. Ensuring the enabling conditions for the short-term viability and the decarbonisation of the steel sector urgently needs to be at the top of the EU agenda. This is the message delivered by the European Steel Association together with a number of high-level representatives of the sector on the occasion of the Clean Transition Dialogue on Steel in the presence of the Executive Vice Presidents of the European Commission, Maroš Šefčovič and Margrethe Vestager.