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.
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The growing gap between global steelmaking capacity and demand has led to a deterioration in the financial situation of steelmakers, and has raised concerns about the longer-term economic viability and efficiency of the industry. Although excess capacity has increased significantly since the financial crisis, and despite slowing demand growth in global markets, new investment projects continue in many parts of the world.
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.
Steel is one of the most widely produced industrial products in the world, and the sector depends heavily on a range of raw materials for its production. The aim of this workshop was to better understand the impacts of trade-restrictive raw material policies on the global steel industry and to explore policy approaches that would improve the longer-term efficiency and functioning of these markets.
The purpose of this workshop was to better understand this increasingly important market segment for the shipbuilding industry and particularly the scope and limitations for reorientation of shipyards towards offshore vessels and the lessons learnt from recent diversification strategies.
The emergence of GVCs challenges our conventional wisdom on how we look at economic globalisation and in particular, the policies that we develop around it. The OECD is preparing a broad range of work to help policy makers understand the effects of GVCs on a number of policy domains.
The study assesses the role of feed-in tariffs (FITs) and renewable energy certificates (RECs) in creating incentives for cross-border investments and for investments in particular technological portfolios via M&A. The analysis explores the dataset on M&As in alternative energy sources worldwide over 2005-2011.