The European Commission unveiled its steel and metals action plan today, with a strong emphasis on boosting decarbonisation efforts within the sector while tackling global market distortions and unfair competition. Central to the plan is the adoption of measures to combat these challenges, including revising steel safeguard measures and exploring trade actions such as a ferro-alloys safeguards investigation. Additionally, the plan addresses the need for energy price reforms, decarbonisation through electrification, and more accommodating regulations for low-carbon hydrogen usage. The commission's initiative also aims to facilitate indirect cost compensation for carbon-related expenses passed on to steel and aluminium manufacturers. Noteworthy is the commission's recognition of hydrogen as a crucial component for decarbonisation in steel production, with proposed rules designed to be flexible to meet emission-reduction targets efficiently. Industry stakeholders, such as Hydrogen Europe and European steel association Eurofer, have welcomed this direction, advocating for strong measures to drive the industry forward.