Data release date: July 2019
Data last updated: December 2018
Governments participating in the OECD Steel Committee consider excess capacity as being one of the main challenges facing the global steel sector today. The OECD Steel Committee has deepened its discussions on capacity, and will take this work further in the next few years. The OECD Steelmaking Capacity Portal supports this work by providing access to a range of data and analyses on global capacity developments.
Summary of global capacity developments: The latest available data suggest that global steelmaking capacity declined slightly to 2 233.7 million metric tonnes in 2018. However, many investment projects continue to take place around the world and others are in the planning stages. Should these projects be realised, global steelmaking capacity could increase by approximately 4-5% between 2019 and 2021 in the absence of closures, amounting to additional capacity ranging from 88 to 110 million tonnes during this period.
OECD papers on steelmaking capacity developments