Girding the EU's steel industry
Employing 360 000 people, with a turnover of around €170 billion and multiple downstream sectors, the steel sector has a strategic place in the EU's economy, and needs to be safeguarded. The Commission will therefore propose an action plan for the European steel sector. On Thursday 6 December Vice President Antonio Tajani met with representatives from the steel industry and its trade unions at the second meeting of the "High-level Roundtable on the future of the European Steel Industry" to discuss measure to help the industry survive the current crisis. The steel action plan, due by June 2013, will include suggestions to support downstream users, reinforce free trade agreement reciprocity with emerging economies, mobilise all available EU funds, tackle high energy prices and ensure that all Member States have short term measures in place to face current plant closures.