This report analyses subsidies provided to steel producers by examining firm-level
data from the Organisation for Economic Co-operation and Development (OECD) and conducting
desk research. It reveals that subsidy trends persist even in the face of existing
overcapacity. Between 2008 and 2020, steel companies in partner economies obtained
an average of 10.7 times more subsidies per crude steel production capacity unit than
their counterparts in OECD countries. These subsidies took the form of cash grants,
cash awards, and cost reimbursements. The report also finds that the national context
significantly influences a jurisdiction's inclination to support its steel sector
and the transparency of such subsidies. Some jurisdictions have prioritised the growth
of their domestic steel industry by establishing firm goals for crude steel production,
export, or concentration. Meanwhile, others have engaged in international collaboration
to address global challenges related to the decarbonisation of the steel industry.
Available from April 26, 2023
In series:OECD Science, Technology and Industry Policy Papersview more titles