US EditionOECD Projects Rising Global Steel Overcapacity, Distorted Trade
- The OECD released its Steel Outlook 2025 report on May 28, 2025, highlighting rising global steel overcapacity and trade distortion dominated by China.
- This surge results from China’s declining domestic demand due to its property sector downturn and heavy state subsidies that distort worldwide steel markets.
- Since 2020, the volume of steel exported by China has more than doubled, hitting an unprecedented 118 million tonnes in 2024, while steel imports into the country have fallen by nearly 80 percent, intensifying challenges in the global steel industry.
- In 2024, 81 anti-dumping investigations were launched by 19 governments, with nearly 80 percent targeting Asian exporters, and the OECD warned of negative effects on climate goals.
- The OECD urged urgent international reforms to remove subsidies, improve transparency, and promote cooperation to restore fair competition and support steel sector decarbonisation.
12 Articles
12 Articles
OECD projects rising global steel overcapacity, distorted trade
The global steel industry is set to face increased excess capacity and distorted trade driven by nonmarket subsidies in China and elsewhere, the Organization for Economic Cooperation and Development says in a new report calling for greater international cooperation to confront those challenges. The “OECD Steel Outlook 2025,” released on Monday, forecasts a darkening picture for the global steel industry, with an increase in steelmaking capacity …
OECD Alerts for Steel Surplusing and Points the Finger to China
OECD warns that massive subsidies from China (and India) to steel distort the global market, expand excessive and make it difficult to decarbonise. It calls for more international cooperation to deal with the problem.
OECD | Surging excess capacity threatens steel market stability, employment, and decarbonisation plans | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources Surging excess capacity threatens steel ma
Countries must urgently address policies that are driving the continued expansion of steel excess capacity to prevent further erosion of market stability and fair competition in the steel industry, according to a new OECD report. The OECD Steel Outlook 2025 shows that excess capacity is projected to rise to 721 million metric tonnes (mmt) by 2027, exceeding by around 290 mmt the combined steel production of OECD countries in 2024. This surge is …
Surging excess capacity threatens steel market stability, employment, and decarbonisation plans - Caribbean News Global
PARIS, France – Countries must urgently address policies that are driving the continued expansion of steel excess capacity to prevent further erosion of market stability and fair competition in the steel industry, according to a new OECD report. The OECD Steel Outlook 2025 shows that excess capacity is projected to rise to 721 million metric tonnes (mmt) by 2027, exceeding by around 290 mmt the combined steel production of OECD countries in 2024…
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
