Industry and globalisation

72nd Session of the OECD Steel Committee


At the Steel Committee meeting held in Paris on 31 May – 1 June 2012, government and industry delegates from OECD and non-OECD economies discussed the recent slowdown occurring in global steel demand and prospects for the steel industry. Participants also:

  • discussed the slower growth expected for the global steel market in 2012, rising capacity for steelmaking and the risks related to these prospects;
  • noted the recovery in steel trade, which is now close to its pre-crisis peak, and voiced some concerns about various forms of unfair trade in steel that can potentially create trade frictions amongst countries;
  • noted the recent easing of steelmaking raw material markets but highlighted the challenges in this area notably those related to rising mining costs, trade restrictions, and potential supply disruptions;
  • highlighted the mutual interest in policy approaches to support open markets for steel and steelmaking raw materials; and
  • discussed the role of state-owned enterprises in the steel industry and indicated its interest in continued work in this area, in the context of OECD work on competitive neutrality and cross-border trade effects.

Please find several presentations given at the meeting below:


Item 3. World economic outlook


Item 4. Steelmaking raw materials: market and policy developments


Item 6. Global steel market situation and outlook


Item 7. Steel-using industries: Current trends and relevance for steel


Item 8. The role and function of state-owned steel enterprises


Item 9. A review of recent trade policies, unfair trade practices and trade remedy actions

Item 10. Chairman’s statement

Item 11. Future meetings


The 73rd session of the Committee has been scheduled for 6-7 December 2012 at the OECD headquarters in Paris.


Related Documents