Milwaukee Frame; A new front against the excess of steel in the world ▫ The production of steel in the world has exceeded the demand and this gap can enter a new phase of competition in the world markets. ▫ In this context, on September 30, 28 member economies of the World Forum on Steel Overcapacity in the Organization for Economic Co-operation and Development (OECD) reached an understanding on an agreement called the "Milwaukee Framework". A framework for dealing with overproduction and limiting its consequences on world trade. But what are the dimensions of this crisis? According to the OECD Steel Outlook 2026 report, global excess steel capacity may increase from approximately 601 million tons in 2025 to 745 million tons by 2028. ▫ In a situation where demand growth is limited and new capacities are still being developed, the pressure on prices will increase and producers who do not benefit from government support will face tougher competition. The link of this program is in Apart.

Milwaukee Frame; A new front against the excess of steel in the world ▫ The production of steel in the world has exceeded the demand and this gap can enter a new phase of competition in the world markets. ▫ In this context, on September 30, 28 member economies of the World Forum on Steel Overcapacity in the Organization for Economic Co-operation and Development (OECD) reached an understanding on an agreement called the "Milwaukee Framework". A framework for dealing with overproduction and limiting its consequences on world trade. But what are the dimensions of this crisis? According to the OECD Steel Outlook 2026 report, global excess steel capacity may increase from approximately 601 million tons in 2025 to 745 million tons by 2028. ▫ In a situation where demand growth is limited and new capacities are still being developed, the pressure on prices will increase and producers who do not benefit from government support will face tougher competition. The link of this program is in Apart.