India regains net steel exporter status Promoter stake in Visa Steel climbs to 62.40% Ukraine steel structure market jumps 19% EUROMETAL seeks wider EU steel safeguards
EUROMETAL has called on the European Union to widen its steel safeguard framework to cover downstream steel-based products, arguing that current protections are too narrow to defend the full value chain. The appeal was presented during a press conference at Wire & Tube 2026 in Düsseldorf, where industry leaders warned that Europe risks faster deindustrialization without urgent action.
The group said more than 300 companies and 35 associations are backing the initiative, representing over one million direct jobs. According to industry representatives, European processors and manufacturers are being squeezed by cheaper imports, especially from Asia, while also facing higher energy, labor, carbon, and regulatory costs at home.
EUROMETAL is also pushing for broader tariff and quota coverage across the steel value chain and wants the Carbon Border Adjustment Mechanism expanded to downstream steel products. The industry is additionally seeking an EU-wide industrial electricity price cap of €0.05/kWh, saying rising costs and uneven trade conditions are hurting competitiveness across strategic sectors such as infrastructure, energy, and defense.
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