ArcelorMittal, thyssenkrupp, and voestalpine Call for EU Emissions Trading System Reforms to Protect Steel Competitiveness

Steel producers ArcelorMittal, thyssenkrupp Steel, and voestalpine have issued a joint call for reforms to the European Union Emissions Trading System (ETS) to maintain the competitiveness of the European steel industry while advancing decarbonization efforts. The companies argue that current regulatory frameworks require adjustments to ensure that domestic manufacturers can transition to greener production methods without losing their market position to international competitors.

The three companies emphasize that the transition to carbon-neutral steelmaking involves significant capital investment and higher operational costs. They suggest that a pragmatic approach to the ETS would provide the necessary stability for these long-term industrial investments. Specifically, the producers advocate for policies that prevent “carbon leakage,” a situation where production shifts to regions with less stringent environmental regulations. By aligning climate objectives with industrial policy, the firms aim to secure the future of European steel production while meeting the continent’s environmental targets. The manufacturers maintain that these policy refinements are essential to balance the dual goals of economic viability and the reduction of industrial greenhouse gas emissions.

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Date: June 17, 2026

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GOAI