Competitive Neutrality

Abstract

This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.

State enterprises in the steel sector

“…The regression exercise performed on the full sample and the PS matched sample shows that the relationship between profits and SEs located in BRICS economies is statistically significant and negative, suggesting that the results on lower profitability found for SEs in general, are primarily driven by SEs located in BRICS economies. 21…”

“…Despite the supply-demand imbalances in the steel sector, companies have continued to invest in new steelmaking facilities (OECD, 2015 [21]). Data on steelmaking capacity investments between 2013 and 2014 show that an important number of new capacity additions or expansion were carried out by SEs or to some extent financed by the government (see Table 3, OECD, 2015 [20]).…”