It is a non-profit organisation with its headquarters in Brussels, Belgium and a second office in Beijing, China, whose purpose is to promote steel and the steel industry to customers, the industry, media and the general public.

State-controlled companies must be free to make their own economic and investment decisions and operate in a market-based economy.

Information on future trends is published twice a year, in the form of a short range outlook for steel demand.

worldsteel plays an important role in benchmarking best practices, helping its members improve their businesses.

Representatives from member companies meet regularly to exchange information on technological, manufacturing and operational performance.