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. 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 and competitiveness;
» 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 of excess capacity, 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.
Data and resources
Capacity Developments in the World Steel Industry
Evaluating the financial health of the steel industry
Steel Market Developments
Greening Steel: Innovation for climate change mitigation in the steel sector
Energy efficiency in the steel sector: Why it works well, but not always
The Structure of Steel Exports: Changes in Specialisation and the Role of Innovation
Steelmaking Capacity Data
Excess Capacity in the Global Steel Industry and the Implications of New Investment Projects
An Introduction to Energy Management Systems: Energy Savings and Increased Industrial Productivity for the Iron and Steel Sector
Excess Capacity in the Global Steel Industry: The Current Situation and Ways Forward
Excess capacity is one of the main challenges facing the global steel sector today.
A policy paper published in February 2015 on excess capacity and the implications of new investment projects shows that global steelmaking capacity will nevertheless continue to expand. The paper provides extensive information on crude steelmaking projects that have come on stream very recently as well as announcements of projects that are planned in the period until 2017. The underlying data on investment projects can be found in the newly launched capacity portal.
A short overview of the current global excess capacity situation and associated policy challenges discussed recently by the OECD Steel Committee was released in January 2015.
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).