At the Strategic Dialogue on Steel, hosted by European Commission President Ursula von der Leyen, Euromines President Jan Moström (LKAB) underscored the need to balance EU climate ambitions with industrial competitiveness. Speaking at the event, Moström highlighted key priorities for ensuring a sustainable and resilient steel sector in Europe.
He emphasized that electric arc furnace (EAF) steelmaking powered by low-carbon electricity is the future of decarbonization. To build resilient value chains, he stressed the necessity of combining scrap and direct reduced (DR) pellets, while also acknowledging the scarcity of high-grade iron ore.
Moström also called for a robust Omnibus permitting framework to unlock sustainable raw materials and boost renewable energy capacity. Additionally, he urged the EU to implement an Affordable Energy Action Plan, advocating for electricity market reform to curb volatility and attract investment.
For Europe’s clean industrial future, securing affordable, fossil-free electricity and reliable raw materials is essential to maintaining a competitive and resilient minerals mining industry.
