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 covers areas such as:
steel capacity and 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.
tradepolicies, including non-tariff measures and export restrictions on raw materials.
industry viability and competitiveness
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.
Steel trade and policy developments December 2022 - Throughout 2021 and 2022, the COVID-19 pandemic and Russia's war of aggression against Ukraine have had profound impacts on steel trade developments, in relation to steel traded volumes, type of goods and trading partners.
Assessing steel decarbonisation progress: Ready for the decade of delivery? November 2022 - Accounting for nearly 8% of global emissions, the steel sector plays a key role in achieving climate goals. In light of the growing momentum for decarbonisation, the steel industry is making progress in several areas. However, there is still a long way to go for reaching near-zero emissions. Echoing the COP 27 Presidency’s call for implementation, this brief aims to provide evidence-based trends on key indicators of steel decarbonisation progress.