European steel and metals Industry is at a crossroads.
Steel remains one of the most carbon-intensive industries, responsible for 5% of the EU’s total emissions. Yet, the sector is under immense pressure from many challenges, such as high energy costs, global overcapacity, protectionist trade measures, and aging plants.
Once the backbone of Europe’s industrial strength, the steel and metals industry must reinvent itself or risk falling behind.
In response, the EU Commission has released the Action Plan on Steel and Metals, aiming to boost competitiveness and drive decarbonization.
Across Europe, many near zero-emission steel projects are advancing, replacing coal firing blast furnaces with DRI plants and EAFs. With DRI relying on hydrogen, the projected demand for H2 in Europe is expected to reach 2.12 million tons per year to support these initiatives.
The transformation of European steel is underway—now is the time to accelerate the change.
