EU imported 76.1 million tons of steel products from third countries in January-July
05/10/2024
Gold shines as safe haven amid Middle East tensions
05/10/2024

On the 20th anniversary of ArcelorMittal Poland, ArcelorMittal Europe CEO Geert Van Poelvoorde calls for a firm action plan for steel


29/10/2024

ArcelorMittal Poland’s 20th Anniversary Highlights Need for EU Support

On the occasion of the 20th anniversary of ArcelorMittal Poland, CEO Geert Van Poelvoorde emphasized the urgent need for European Union support. He called for emergency trade measures and a clear action plan for steel to ensure the industry’s survival in Europe.

A Transformative Journey

It has been 20 years since Mittal Steel acquired Polskie Huty Stali in 2004, following its privatization by the Polish government. Since then, significant investments have transformed and modernized the business. Today, ArcelorMittal operates Europe’s most modern hot rolling mill in Kraków. The heavy section mill in Dąbrowa Górnicza can produce 120-meter-long rail. Notably, carbon dioxide emissions have been reduced by 42%, dust emissions by 90%, and energy consumption by 40%. According to a recent report from the Warsaw School of Economics, ArcelorMittal was the second-largest foreign investor in Poland in 2023. These achievements gain significance as many steel companies in Central and Eastern Europe face serious challenges.

Addressing Current Challenges

Speaking at the anniversary celebrations in Sosnowiec, Van Poelvoorde highlighted the intense pressure Polish steelmakers face. He cited high production costs and an influx of subsidized imports as key issues. Without the right policies, he warned, the European steel industry will continue to decline. However, with appropriate support, he believes the industry can thrive and remain foundational to European manufacturing.

Van Poelvoorde urged the Polish government for support as it prepares to assume the Presidency of the European Council. He noted that this period will be critical for determining the future of European steel, especially as the Carbon Border Adjustment Mechanism (CBAM) legislation is finalized.

Critical Next Steps

“With Poland holding the presidency next year, I am confident we can rely on its support to translate the Commission’s ambitions into effective policies. We need emergency trade measures for the steel sector and a solid action plan for steel and metals. The first half of 2025 will be crucial for defining these plans and ensuring a level playing field for European producers. The decisions made next year will impact the future of European industry and steel.”

Positive Developments in European Policy

Van Poelvoorde expressed optimism about the recently proposed European Commissioner appointments, particularly regarding the development of a steel and metals action plan. He stated, “This has never happened before, and we look forward to understanding how it will support us. Our calls for a new Industrial Deal for Europe appear to have been heard. I will continue to advocate for swift action to protect our industry.”

While the recent nominations showed promise, he cautioned that these remain mere words until translated into action.

The Path Forward

Closing his speech, Van Poelvoorde urged Europe to clarify its future role amid rising global protectionism. He stated, “Remaining an economic powerhouse is impossible without a strong industry, especially in steel. Decarbonizing by de-industrializing is not a solution for Europe, the world, or the climate.”