EOs representing the European steel industry have co-signed a letter addressed to the governments of all EU member states calling on political leaders to ‘help preserve a sustainable and globally competitive European steel industry’.
‘In Europe we must be able to produce the innovative steels that underpin modern society – and that help reduce CO2 emissions,’ the CEOs stated in the letter.
Speaking after the signing of the joint letter Axel Eggert, director general of the European Steel Association (EUROFER) – which represents 100% of steel production in the EU – commented that the European steel industry is one of the most innovative in the world. “Our CO2 mitigation technologies are world beating,” he said, explaining how the EU has a large and open economy and that if the post-2020 reform of the EU’s Emissions Trading System (EU ETS) creates costs for even Europe’s best performing steel plants, the industry will find itself ‘uncompetitive in the fierce global marketplace for steel.’
Read more at steeltimesint.com
