According to OECD data, global steel overcapacity reached approximately 640 million mt in 2025, exceeding total OECD steel production by more than 200 million mt. During the same period, global steel production capacity rose to a record level of 2.4 billion mt.
Axel Eggert stated that the OECD findings clearly show that global steel overcapacity is not only at high levels but continues to increase, adding that this situation poses a serious threat to steel production, investments, and employment in Europe.
EUROFER emphasized that the new EU steel trade measure, currently under negotiation, is critical to preventing further market instability. The proposed system is said to include a tariff-rate quota (TRQ) mechanism aimed at keeping imports at controlled levels without completely halting them, thereby protecting the EU market against global overcapacity and trade diversion.
The association warned that any weakening of the measure would reduce its effectiveness, while also pointing out that the current safeguard measures are set to expire in June. Eggert called on EU negotiators not to dilute the new trade measure and to implement it without delay.
EUROFER cautioned that any resulting gap could leave the European steel market vulnerable at a critical time.
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