OECD Steel Outlook 2026

Abbreviations and acronyms

The main abbreviations and acronyms used in the report are listed below.

AD	Antidumping
AISI	American Iron and Steel Institute
ASEAN	Association of Southeast Asian Nations
BF	Blast furnace
BIS	Bureau of Indian Standards
BMB	Below-market borrowings
BOF	Basic oxygen furnace
CAGR	Compound Annual Growth Rate
CBAM	Carbon Border Adjustment Mechanism
CIS	Commonwealth of Independent States
CREG	Electricity and Gas Regulatory Commission (Algeria)
CVD	Countervailing duty
DRI	Direct reduced iron
EAF	Electric arc furnace
EBITDA	Earnings before interest, taxes, depreciation and amortisation
FDI	Foreign direct investment
FSI	Fond de soutien de l’innovation (Morocco)
FTA	Free Trade Agreement
GFSEC	Global Forum on Steel Excess Capacity
HBI	Hot briquetted iron
HS	Harmonized System
ISSB	Iron and Steel Statistics Bureau
MAGIC	MAnufacturing Groups and Industrial Corporations
MENA	Middle East and North Africa
MIIT	Ministry of Industry and Information Technology
PAT	Perform Achieve Trade
PLI	Production-linked Incentive
POE	Private-owned enterprise
SEAISI	South East Asia Iron and Steel Institute
SEC	Saudi Electricity Company
SEZ	Special economic zones
SIDF	Saudi Industrial Development Fund
SOE	State-owned enterprise
TRQ	Tariff rate quota
VAT	Value-added tax