This infographic shows why the EU needs the EU steel safeguard - and why it needs to work. Steel is an intensively traded product in a market suffering from significant global overcapacity. This is affecting the financial and economic sustainability of the steel sector.
The safeguards are a justified trade policy response to import surges caused by external factors. The quota itself is based on the average volume data from 2015-2017. The quota increased by 5% in February 2019 and is schedule to increase by another 5% in July 2019. This expansion of the quota size is independent of the growth of the overall EU steel market.
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Brussels, 6 May 2026 - Europe’s steel industry has warned that the EU’s proposed Industrial Accelerator Act (IAA) risks undermining its industrial and climate ambitions, unless it ensures that demand for low-carbon steel prioritises production within the EU.
EUROFER strongly supports the Act’s objective of creating lead markets for low-carbon steel as a critical tool to unlock the massive investments needed for the green transition of the European steel industry and facilitate the market uptake of low-carbon steel.
The signatories call on the European Parliament and Council to ensure an effective and broad extension of the CBAM to relevant steel and aluminium intensive downstream industries.
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
