Paris, France, June 4, 2026 (AFP) - China, Mideast war weigh on global steel sector: OECD

NAMPA / AFP
2026-06-04
The global steel sector remains in crisis, the OECD said Thursday, as China subsidising production has resulted in a flood of cheap steel on the markets while the war in the Middle East has dented demand. "Global steelmaking capacity has expanded steadily even as demand has contracted, pushing the capacity utilisation rate well below sustainable levels," the Organisation for Economic Cooperation and Development (OECD) said in its annual report on......
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