The OECD Steel Committee provides a unique forum for governments and producers to come together to address the evolving challenges facing the steel industry, and identify political solutions to encourage open and transparent markets for steel. By fostering a global environment in which steel producers compete under fair conditions, 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 work of the OECD Steel Committee in the last two years has covered areas such as:
» steel market developments;
» industry viability;
» trade policies, including non-tariff measures and export restrictions on raw materials;
» steelmaking raw material markets, which are receiving increasing attention by governments and industry alike given the sector depends heavily on a range of raw materials for its production;
» global excess capacity, given its growing magnitude and the impacts it is having on the industry’s economic viability. Governments are interested in learning the causes, particularly the role of government interventions in creating or sustaining excess capacity, as well as policies aimed at easing the situation;
» environmental performance, and particularly the contribution of energy efficiency technologies as well as developments in breakthrough technologies to address climate change.
For more information on the objectives and membership of OECD work on steel.
The latest edition includes detailed information on an economy-by-economy basis, showing existing facilities, their equipment and capacity, as well as each company’s planned investments. Information is also provided on the starting date of planned projects, the ownership status of the steel plants, the progress of projects, recent changes at existing works, and, where known, the financing of projects.
Steelmaking Raw Materials: Market and Policy Developments
The objective of this report is to summarise key developments pertaining to steelmaking raw material markets and policies, by bringing together work conducted recently under the auspices of the OECD Steel Committee, including presentations and papers delivered at a workshop held in December 2011. The report is organised around two broad areas: market issues and government policies.
Excess capacity is one of the main challenges facing the global steel sector today
Excess capacity 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. In January 2015 the OECD Steel Committee produced a short overview of the current global excess capacity situation and associated policy challenges.
The OECD is deepening its work on excess capacity and will soon publish a report that provides an overview of steel projects currently taking place around the world, including details on the companies involved and the types of equipment and furnaces that they are investing in.
Notes: The Secretariat assumes demand growth of 2% in 2014 and 2015. These are the most recent rates of growth forecast by the World Steel Association for world apparent steel use (October 2014 Short Range Outlook).
Source: OECD (for capacity) and the World Steel Association (for demand).