EU steel sector seeks inclusion in local sourcing act

Eurofer urges the EU to include low-carbon steel in the Industrial Accelerator Act. The group wants local sourcing rules limited to the EU and close neighbors.

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The steel industry in the European Union is calling for its sector to be included in the 'Made in Europe' provisions of the upcoming Industrial Accelerator Act. These rules, expected to be unveiled next week, would prioritize the use of locally manufactured materials in projects funded by public money. Eurofer, the European steel association, argues that including low-carbon steel is essential for driving the investments needed for the industry's decarbonization.

A worker at the ThyssenKrupp steel plant in Duisburg, Germany, is seen in silhouette against a furnace's glow while wearing protective equipment on July 26, 2023. REUTERS/Wolfgang Rattay/File Photo
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