The European Union’s share of global steel production has slipped to less than 8 per cent over the past decade, and officials want to revive it. BRUSSELS: Producers in Europe’s steel and metals industry are feeling the heat from soaring electricity prices and global overcapacity, according to the European Commission (EC). Officials estimate that the European Union’s (EU) share of global steel production has slipped over the past decade. It now stands at less than 8 per cent, amid growing