The International Iron & Steel Institute announced that it has changed its name to World Steel Association with immediate effect.

Mr Ian Christmas director general of WSA said that "Since we were formed in 1967 the world for steel has substantially changed and so has this organization. We are now a truly global body representing 18 of the world’s 20 largest steel companies, including six of the top 10 producers in China."

He added that "Our new name provides a simple description of our role and clarity to our purpose. The World Steel Association is the representative body for an essential industry that takes a leadership role through our environmental, social and economic sustainability programs."