Data release date: September 2018
Data last updated: December 2017
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 crude steelmaking capacity has decreased for the second consecutive year to a level of 2 251.2 million tonnes in 2017 due to capacity reductions and slower capacity growth in OECD economies and non OECD economies. However, the updated information suggests that a number of new investment projects continue to take place around the world and nearly 52 million tonnes of gross capacity additions are currently underway and could come on stream in the period until 2020. An additional 39 million tonnes of capacity additions are currently in the planning stages for possible start-up during the same time period.
OECD papers on steelmaking capacity developments