Subsidies to the steel industry: Insights from the OECD data collection
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...
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Other Authors: | |
Format: | Electronic eBook |
Language: | English |
Published: |
Paris
OECD Publishing
2023
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Series: | OECD Science, Technology and Industry Policy Papers
no.147 |
Subjects: | |
Online Access: | DE-862 DE-863 |
Summary: | 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. |
Physical Description: | 1 Online-Ressource (58 Seiten) 21 x 28cm. |
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spelling | Mercier, Fabien VerfasserIn aut Subsidies to the steel industry Insights from the OECD data collection Fabien, Mercier and Luciano, Giua Paris OECD Publishing 2023 1 Online-Ressource (58 Seiten) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Science, Technology and Industry Policy Papers no.147 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. Science and Technology Economics Trade Industry and Services Giua, Luciano MitwirkendeR ctb |
spellingShingle | Mercier, Fabien Subsidies to the steel industry Insights from the OECD data collection Science and Technology Economics Trade Industry and Services |
title | Subsidies to the steel industry Insights from the OECD data collection |
title_auth | Subsidies to the steel industry Insights from the OECD data collection |
title_exact_search | Subsidies to the steel industry Insights from the OECD data collection |
title_full | Subsidies to the steel industry Insights from the OECD data collection Fabien, Mercier and Luciano, Giua |
title_fullStr | Subsidies to the steel industry Insights from the OECD data collection Fabien, Mercier and Luciano, Giua |
title_full_unstemmed | Subsidies to the steel industry Insights from the OECD data collection Fabien, Mercier and Luciano, Giua |
title_short | Subsidies to the steel industry |
title_sort | subsidies to the steel industry insights from the oecd data collection |
title_sub | Insights from the OECD data collection |
topic | Science and Technology Economics Trade Industry and Services |
topic_facet | Science and Technology Economics Trade Industry and Services |
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