Steel market distortion and competition worsen as subsidies surge
An OECD report warns a growing global surplus of subsidised steel is distorting markets and threatening competitive producers, including Australian steel fabricators.
How is the global steel glut affecting Australian fabricators and builders?
Builders, structural steel contractors and fabricators face unfair competition from cheap imported steel, potentially squeezing margins and undercutting local suppliers.
Key takeaways
- A new OECD report confirms a worsening global oversupply of heavily subsidised steel.
- The glut is distorting markets and undermining fair competition for local producers.
- Australian steel fabricators are among those threatened by the surge in subsidised imports.
- Market-based steel producers worldwide face survival risks if the trend continues.
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