| AD | Antidumping |
| ASEAN | Association of Southeast Asian Nations |
| BF | Blast furnace |
| BMB | Below market borrowing |
| BOF | Basic oxygen furnace |
| BRI | Belt and Road Initiative |
| CAGR | Compound annual growth rate |
| CCU | Carbon capture utilisation |
| CCUS | Carbon capture utilisation and storage |
| CIS | Commonwealth of Independent States |
| CFR | Cost and freight |
| CO2 | Carbon dioxide |
| CV | Coefficient of Variation |
| CVD | Countervailing duty |
| DRI | Direct reduced iron |
| EAF | Electric arc furnace |
| EBITDA | Earnings before interest, taxes, depreciation, and amortisation |
| FOB | Free on board |
| GDP | Gross domestic product |
| GFSEC | Global Forum on Steel Excess Capacity |
| HBI | Hot briquetted iron |
| HRC | Hot-rolled coil |
| IEA | International Energy Agency |
| IOE | Iron ore electrolysis |
| ISSB | International Steel Statistics Bureau |
| ITA | Investment tax allowance |
| JISF | Japan Iron and Steel Federation |
| LSEG | London Stock Exchange Group |
| MAGIC | MAnufacturing Groups and Industrial Corporation |
| ME | Middle East |
| MENA | Middle East and North Africa |
| MMBtu | Metric Million British thermal unit |
| mmt | Million metric tonnes |
| mt | Metric tonnes |
| n.d. | Undated |
| OECD | Organisation for Economic Co-operation and Development |
| PBOC | People’s Bank of China |
| POE | Private-Owned Enterprise |
| PS | Pioneer status |
| R&D | Research and development |
| SEAISI | South East Asia Iron and Steel Institute |
| SOE | State-Owned Enterprise |
| worldsteel | World Steel Association |
| WSD | World Steel Dynamics |
| WTO | World Trade Organization |
OECD Steel Outlook 2025
