29 May 2025
The global steel industry faces persistent challenges that are likely to intensify through 2025 and beyond, The Organisation for Economic Co-operation and Development (OECD) has warned.
At the online launch of the OECD Steel Outlook 2025 publication, the OECD Secretary General Matthias Corman warned China’s subsidies (as a share of firm revenues) are 10 times higher than those in OECD countries, encouraging overcapacity and unviable investments.
In parallel, Chinese steel exports surged, prompting a sharp rise in trade actions and raising concerns about circumvention practices.
These trade distortions underscore the urgency of addressing non-market policies driving global imbalances.
The launch was introduced by Matthias (who is a former Federal Government senator), and closed by Edwin Basson, Director General of the World Steel Association (refer to the OECD Steel Outlook 2025 report for further information).
The ASI has shared its concerns about the flood of cheap imported fabricated steel entering Australia in a media campaign this week. For more information on ASI's response, click here.