02/24/2026 | Press release | Distributed by Public on 02/24/2026 03:51
The new EU regulation will provide effective protection to the EU's steel industry from global overcapacity by:
The proposal addresses the negative effects on the EU's steel market of unsustainable levels of global overcapacity, which is projected to reach 721 million tons by 2027 (about five times the EU's yearly consumption): a real threat to our steel industrial base. It also supports the EU's decarbonisation goals and protects 2.5 million jobs linked to steel production.
The negotiations between the Commission, the European Parliament and the Council will focus on finalising the text swiftly so that the measure can be fully in place by 1 July, when the current safeguard measure will expire.
Once in force, the new measure will provide a solid trade framework for a strong, competitive, and sustainable EU steel sector while maintaining WTO compatibility and continue to engage constructively with global partners on collective solutions.
Commission proposes plan to protect EU steel industry from unfair impacts of global overcapacity - 7 October 2025