The delegation of Kazakhstan was led by Kanat Baitov, chairman of the Industrial Development and Industrial Safety Committee of the Ministry of Investments and Development of the Republic of Kazakhstan. The delegation included Nurmukhamed Ayupov, chief expert of the Mining and Metallurgical Industry Department of the IDM of the Republic of Kazakhstan, and Yerkebulan Boranbayeva, the head of the comprehensive cooperation department of the Department of Foreign Economic Cooperation of the IDM of the Republic of Kazakhstan. The seminar was attended by representatives of government, industry and trade unions, as well as academic experts. They discussed policies that will drive structural change in the steelmaking sector. The aim of the seminar is to gain a deeper understanding of the various social consequences of the closure of metallurgical plants. The participants discussed policies to help close inefficient steel producers, including measures to mitigate the social consequences of restructuring in order to ensure the reallocation of resources to more efficient production units.

At the session, the OECD Economic Department reviewed the current state of the world economy and steel market. According to the latest data, for the first time since 2015, world steel production can show growth. In addition, including new large investment projects implemented around the world, the production volume will increase by 1.6% in the period of 2019-2021. According to the OECD, in 2017, world steel production was 2,250 million. tons, according to the current situation, the volume of production in 2018 is about 2300 mln. should reach tons. Excess production capacity for steel production in the world remains the main problem in the industry.

In addition, the prospects of world economic development, the situation in the international steel market and other topics were discussed. Proceedings of the 85th session of the OECD Steel Committeehttp://www.oecd.org/sti/ .

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Source : https://www.gov.kz/memleket/entities/mps/press/news/details/23409?lang=kk