Lorenzo Livraghi
Senior Adviser – Trade and Industrial Policy
Europe’s technology industries are experiencing their third consecutive year of economic downturn, with a 5.6% contraction in annual turnover, a 1.2% decline in employment and a 3.2% decline in investments in 2024.
These figures are a clear warning sign. As outlined in the Draghi report, Europe’s innovation and industrial competitiveness depend on industrial value chains. It is vitally important for the competitiveness of our industries to keep European steel production viable and competitive.
The EU steel safeguards, due to expire on 30 June 2026, constitute a clear example of EU policies that negatively affect the competitiveness of our industries.
