This invention relates to a steering component, to a steering assembly, and to a method of steering a drill bit in a borehole. The steering component is adapted for connection to a drill string, the drill string carrying a drill bit and a motor for rotating the drill bit. The steering component comprises: a rotatable driveshaft adapted for connection between the drill bit and the motor; a drive mechanism; and an offsetting component; the drive mechanism providing a rotatable connection between the drill string and the offsetting component whereby the drill string can rotate relative to the offsetting component. The drive mechanism is adapted to drive the offsetting component to rotate in an opposed direction to the driveshaft, so as to counter the rotation of the offsetting component which is induced by friction within the componentry as the driveshaft rotates. The steering component and method are likely to have their greatest utility in steering a drill bit during drilling for oil and gas.