Issue 39, 2023 - This week's editorial: Eurofer anticipates interim EUUS agreement in preparation for a Global Arrangement on Sustainable Steel

Eurofer expects an interim low-emission steel trading agreement to be announced at the 20 October EU-US Summit in Washington and says this must pave the way for a strong, international binding Global Arrangement on Sustainable Steel and Aluminium (GASSA).

The meeting should outline “an ambitious framework that will provide clear guidance and include the substantive elements of [GASSA]", the European steelmakers’ association says. “The details will need to be worked out in the coming months.”

“The GASSA should be an international agreement binding transatlantic partners with a common vision while also remaining open to other like-minded countries with closely aligned trade policies and measures. Individual actions taken in isolation cannot have a global impact on excess capacity and decarbonisation,” Eurofer director general Axel Eggert notes in a statement.

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