Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
Our Methodology
Methodology & Participation
Reference Tools
S&P Global
S&P Global Offerings
S&P Global
Research & Insights
Our Methodology
Methodology & Participation
Reference Tools
S&P Global
S&P Global Offerings
S&P Global
Research & Insights
Metals & Mining Theme, Maritime & Shipping, Non-Ferrous
December 12, 2025
Europe's ambitious transition to low-carbon steel production hit the buffers in 2025, as economic headwinds forced major producers to delay or cancel hydrogen-based projects despite billions in state support, threatening the region's industrial decarbonization timeline and making 2026 a make-or-break year for the sector. Without more affordable energy, clearer policy frameworks and stronger demand, Europe’s industrial ambitions risk collapse.
The European Commission appears to have recognized the urgency, with discussions on “buy European” rules, tougher trade defences to replace existing safeguards, and measures aimed at reducing energy costs. What matters now is swift and efficient implementation. In 2026, Europe must prove its ability to translate industrial ambition into economic viability. Otherwise, low-carbon steel will remain a slogan rather than a viable strategy.
Products & Solutions
Editor: