 The European steel industry is facing new challenges due to the market situation and climate policy. Experiences from the pandemic restrictions and Russia's armed invasion of Ukraine have provided a basis for including steel among raw materials such as coke, iron ore, and electricity in economic security products. Steel is also essential for economic infrastructure and construction development, as well as a material for other industries without which factories would not produce cars, machinery, ships, washing machines, and so forth. In 2022, steel makers faced a deepening energy crisis and economic slowdown. This prompted them to impose restrictions on production volumes worldwide, resulting in a 4% decrease in production compared to the previous year. Despite the difficult economic situation of the steel industry, the EU is strengthening its industrial decarbonization policy.