Commenting on the European Commission's energy and climate framework up to 2030, EUROFER director general Gordon Moffat said that it "will accelerate the deindustrialization which is already underway".
Regarding the emission reduction targets, EUROFER reiterated that in the case of steel there are no technologies which can be economically applied, pointing out that the post-2020 targets are simply impossible for the steel industry to achieve.
"With these proposals even the most efficient steelmaker in Europe will have a cost disadvantage vis-à-vis its non-European competitors. Our most efficient plants will have to buy up to 30 percent of their need in emission permits already by 2020." said the EUROFER director general.