Data release date: July 2017
Data last updated: December 2016
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: Global steelmaking capacity reached a level of 2 380.7 million tonnes in 2016. New investment projects are taking place particularly in regions such as the Middle East and in some Asian economies. The updated information on announced investment projects suggests that nearly 40 million tonnes of gross capacity additions are currently underway and could come on stream during the three year-period of 2017-19. An additional 53.6 million tonnes of capacity additions are currently in the planning stages for possible start-up during the same time period. These developments are overviewed in a paper released in July 2017, based on information extending to December 2016.
OECD papers on steelmaking capacity developments
1. OECD Steelmaking Capacity Database, 2000-2016
2. New investment projects in crude steelmaking by economy, all regions.