Industry and globalisation

Steel Committee

 

 

Steel at the OECD

The OECD Steel Committee provides a unique forum for governments to come together to address the evolving challenges facing the steel industry, and identify political solutions to encourage open and transparent markets for steel. Through its work to reduce market distorting steel policies and encourage structural adaptation, the OECD contributes to a more viable and sustainable steel industry, so that steel continues to contribute to improved economic prosperity around the world.

Objectives

The OECD Steel Committee aims to support the viability of the steel industry, through policies that reduce market distortions and promote competitive and open markets for steel. The Steel Committee has emerged over the years as a unique platform where multilateral steel problems can be discussed and political solutions found.  Policy dialogue, transparency, and commitment have been the driving forces steering the Committee's work.

Mandate

The Committee mandate calls on governments to work together in order to:

  • reduce trade barriers
  • deal with crisis situations in close consultation with trading partners
  • facilitate necessary structural adaptations that reduce pressures for trade actions and promote rational allocation of productive resources
  • avoid encouraging economically unjustified investments
  • ensure that state-owned enterprises act in accordance with market principles
  • facilitate multilateral co-operation consistent with the need to maintain competition.

The tools for reaching these objectives include closely monitoring market conditions, developing common perspectives regarding emerging problems in the sector, and reviewing and assessing government policies.

 

Focus in 2017-18

  • world steel market developments, including supply, demand, prices and financial performance
  • excess capacity in the steel industry, particularly the role of government interventions in creating or sustaining excess capacity, as well as policies aimed at easing the situation
  • trade policies, including non-tariff measures and restrictions on raw materials trade
  • the role of the state and government support measures that affect steel markets, trade and investment
  • economic viability and competitiveness of the steel industry, including technology, innovation, environmental performance and long-term sustainability.

Membership

The OECD Steel Committee has 25 members: Austria, Belgium, Canada, the Czech Republic, Finland, France, Germany, Hungary, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Poland, Portugal, the Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Kingdom, the United States, and the European Union.

In addition, four associates (Brazil, Romania, the Russian Federation and Ukraine), as well as seven participants (Argentina, Bulgaria, Egypt, India, Malaysia, South Africa and Chinese Taipei) bring their perspectives to the work of the Steel Committee. Australia, China, Chile, Colombia, Kazakhstan, and the Philippines, among other important steel economies, also participate in some Steel Committee meetings.

The Committee also benefits from the active participation of the World Steel Association and of national and regional steel associations, which provide expertise on a range of industry issues.

 

OECD Steel Committee members, associates and participants account for around 45% of global production and 75% of global exports of steel.

 

Related Documents