The world’s nominal steelmaking capacity is estimated to reach 2.241 billion tonnes in 2014, more than double the capacity of 2000. The OECD is launches a database that details new investment projects in the industry by region and country in both developing and advanced economies through 2017 and beyond. The data portal makes data on steel projects in OECD countries fully accessible for the first time.
While de-industrialisation and offshoring have dominated the news about manufacturing during the past decades, recent years have witnessed a number of examples of companies re-shoring activities back to OECD economies. Policy discussions often ignore the profound changes manufacturing has undergone. This working paper addresses this issue against the background of long-term structural change in OECD economies.
This paper examines the extent, reasons and impacts of excess capacity in the global steel industry, as well as the implications of new investment projects that continue to take place at a rapid pace in many parts of the world. By focusing on new investment projects, this study intends to help governments and industry better understand the extent to which global steelmaking excess capacity may evolve in the future.
New approaches are needed for addressing social and economic challenges, including new models of public and private partnership which can fund, deliver and scale innovative solutions from the ground up.
The Korean shipbuilding industry is one of the top global players, leading by value and second only to China by volume. However, the global economic crisis has dented its finances and it now faces serious challenges to set itself back on a solid footing.
Excess capacity in steel as growth in investment projects outpaces demand will pose risks for the sector for the foreseeable future, according to industry and government officials at the OECD’s Steel Committee meeting in Cape Town on 12 December 2014. The risk of trade conflicts in the industry also appears to have increased of late, they said, and Committee members discussed options for closer co-operation to try and prevent disputes.
In addition to inspiring policy practices, the 2014 edition contains special thematic chapters on entrepreneurship by ethnic minorities, pro-entrepreneurship welfare support systems and support for entrepreneurship from unemployment.
U.S. employers are demanding skilled workforces, but are not always able to find a local supply, says a new OECD study looking at Job Creation and Local Economic Development.
Getting more women into work is a priority goal of G20 policy, but gender inequality is a barrier. To overcome this, the OECD, ILO and others have identified ways forward.
Les économies avancées pèsent de moins en moins dans la recherche scientifique et technologique, les demandes de brevets et les publications scientifiques, laissant ainsi le champ libre à la Chine qui devrait accéder au premier rang mondial des dépenses de R&D autour de 2019.