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Euronews
Euronews
Marta Pacheco

Commission expects 20% of EU economic output to come from steel and aluminium by 2030

The steel and cement industries are set to play a key role in boosting the European Union's economy, with the European Commission predicting that they will contribute at least 20% to the bloc's total economic output by 2030, according to a document seen by Euronews.

The EU executive wants to revive manufacturing capacity across the bloc, reversing a long decline that has seen the bloc's share of global industrial output decline from 20.8% in 2000 to 14.3% in 2020.

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