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.
The 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.
The Committee mandate calls on governments to work together in order to:
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.
The OECD Steel Committee has the following members: Austria, Belgium, Brazil, Canada, the Czech Republic, Finland, France, Germany, Hungary, Italy, Japan, Kazakhstan, Korea, Luxembourg, Mexico, the Netherlands, Poland, Portugal, Romania, the Russian Federation, the Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, the United Kingdom, the United States, as well as the European Union. Seven non-OECD members participate in Committee meetings as "Participants" (Argentina, Bulgaria, Egypt, India, Malaysia, South Africa and Chinese Taipei) also bringing their perspectives to the Committee's work.
OECD Steel Committee Members and Participants account for around 45% of global production and 75% of global exports of steel.
Other economies such as China, Colombia, Costa Rica, Indonesia, the Philippines, Saudi Arabia, Thailand, the United Arab Emirates and Viet Nam have attended/may be invited to attend Steel Committee meetings.