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Global Forum on Steel Excess Capacity members have been engaging industry and key stakeholders in their exchanges since the establishment of the GFSEC in 2016.

 

Over the past years, several open events have been organised with the participation of steel industry representatives around the world.

Thematic stakeholder events in 2020

Other exchanges between industry and the GFSEC


Steel industry associations

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What stakeholders are saying

16 Steel Industry Groups Welcome Agreement to Continue International Work to Reduce Global Steel Overcapacity
November 2019

"Governments of steelmaking economies worldwide must redouble their efforts to address this persistent global excess capacity in the steel sector, eliminating the support measures that cause it, and implementing strong rules and remedies that reduce excess capacity. We call on governments to continue the work on the issue of steel excess capacity without delay.

"We appreciate the leadership of the Government of Japan in the past year to make meaningful progress in the Forum, and its conclusions as Chair. Recognizing the severe impacts that global steel overcapacity and market distorting policies in the steel sector around the world are continuing to have on our industry, we have urged the continuation of the work of the Forum to ensure its recommendations are turned into action. We are pleased that it is the will of a large majority of members to pursue meaningful efforts on the issue of steel excess capacity on the same basis as the work of the Forum over the past three years."

Statement by 19 steel associations
October 2019

"We are grateful for the efforts made to date by the G20 and OECD governments to address excess capacity, and to support a level playing field at the G20 Global Forum on Steel Excess Capacity and OECD Steel Committee.

"Unfortunately, effective reductions in capacity and concrete actions to remove government measures that distort markets, including raw materials markets, have not been adequate to date. Efforts by governments to eliminate practices that lead to excess capacity should be redoubled.

"We are hopeful that the diligent efforts of Japan, the current G20 Chair, are successful in extending the G20 Global Forum on Steel Excess Capacity beyond 2019, and we urge all G20 and OECD steelmaking economies to pursue all vigorous means to obtain substantive results on the critical problem of steel excess capacity."

The European Steel Association (EUROFER)
March 2019

“Continued international work on excess capacity and related government support measures would contribute to the sustainability of our global industry...”

“GFSEC’s work has already produced results, such as detailed statistics on steel capacity and production around the world and has instigated work to cut excess capacity where it is needed most...”

“In a world where global overcapacity is still very much present – and with proliferating trade distortions – there is a greater need than ever for the GFSEC.”

Kosei Shindo
Worldsteel Chairman, 2017-2018

“Under the initiative of this forum chaired by Germany and Argentina and with the accumulated efforts of each country, the transparency of the steel supply-demand environment has improved in the past two years following the establishment of the Global Forum. The multilateral approach by the Global Forum to exchange information on crude steel capacity developments and government policies affecting excess capacity, including market-distorting subsidies and other government support measures, have been effective to date. I highly appreciate that the Ministerial meetings held in September 2018 agreed to them.”