Trade Cases
March 27, 2019
OECD: Markets at Risk from Excess Capacity and Trade Actions
Written by Sandy Williams
Steel markets are facing “considerable downside risk” as excess capacity continues to a be a major challenge for the global steel industry.
The Organization for Economic Cooperation and Development (OECD) found that global steelmaking capacity (in nominal crude terms) was nearly unchanged in 2018 at 2.234 billion metric tons, after declining in the previous two years. The gap between steel capacity and production remained high at 425.5 million tons in 2018.
