According to recent news from the official website of the European Commission, in order to promote innovation, growth and employment in the European steel industry, the European Union held its first “High-Level Round Table on the Future of the European Steel Industry” in September 2012. It intends to build an industry dialogue for the industry. The platform analyzes the competitiveness of key stakeholders and the policy factors and challenges involved in the industry. On December 6th, the second meeting of the "European Steel Industry's Future High-level Round Table Meeting" was held. The invited stakeholders discussed the policy proposals put forward in several fields to assist the European Commission in June 2013. Prior to the preparation of the European steel industry action plan. At present, the European steel industry employs 360,000 people and has a total output value of approximately 170 billion euros. It is located downstream in the manufacturing value chain and occupies an important position in the European economy. Over the past decade, the rapid growth in the production and use of steel in the BRIC countries has changed the structure of the global steel industry. Between 2001 and 2011, China has become the largest producer of steel and its share of global steel production has risen from 18% to 45%, compared with the share of the EU-27 that fell from 22% to 12%. From the current point of view, European steel manufacturers are facing challenging economic conditions. Due to the stagnation and shrinking of EU manufacturing output, the low demand led to 20-25% of idle steel production capacity, which in turn caused EU member states to temporarily or permanently close several factories.