The Commission has proposed a comprehensive action plan for steel, eleven years after the expiration of the European Coal and Steel Community (ECSC) Treaty in 2002.
The steel industry has long held a strategic place in the EU economy, fostering innovation, growth and employment. Now it is time for the steel sector to undergo a revival. The European Commission is working to boost the industry to a new level in order to face current obstacles and ensure a promising future.
An action plan to help the European steel industry confront today’s challenges was presented by European Commission Vice-President Antonio Tajani in June 2013. The Commission is acting because steel demand in Europe is currently 27% below the pre-crisis level, and employment in the sector fell by 10% from 2007 to 2011.