What is the main goal of forming an ASEAN Council on Steel?

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The primary objective of establishing an ASEAN Council on Steel is to enhance government-to-government (G2G) engagement within the region's steel sector.

ASEAN steel policymakers have put forward a proposal to create an ASEAN Council on Steel. This initiative aims to foster more structured dialogue and collaboration between governments in the region concerning the steel industry. The proposed council would serve as a platform to advance discussions at both the G2G level and among industry associations, thereby promoting a more organised and sustainable development of the steel sector across Southeast Asia.
Structuring the Regional Steel Industry

The formation of an ASEAN Council on Steel is envisioned to bring greater order and sustainability to the region's steel industry. This council would facilitate more consistent G2G conversations, addressing the current gap where direct government engagement on steel matters has been limited, despite existing channels like the South East Asia Iron and Steel Institute (SEAISI). The aim is to create a more unified approach to managing the industry's evolution.
Key Agendas for the Council

Several critical areas have been identified as key agendas for the proposed council's focus. These include capacity management to prevent oversupply and ensure market stability, decarbonisation efforts to align the industry with environmental goals, the establishment of steel standards specifically for high-rise buildings to ensure safety and quality, fostering technical cooperation among member states, and developing effective trade remedies to address unfair trade practices.
Continued Engagement and Future Hosting

The ASEAN Steel Policymakers’ meeting and the ASEAN Steel Forum are set to continue, with the Philippines taking the lead as the ASEAN chair next year. This indicates a commitment to ongoing dialogue and collaboration, with the Philippines scheduled to host these important gatherings. This decision underscores the regional commitment to advancing discussions and initiatives within the steel sector, building on the momentum generated by the proposal for a dedicated council.

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What is the main goal of forming an ASEAN Council on Steel?

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