CONF: WSA official sees global steelmaking capacity in slow growth

Global crude steelmaking capacity has entered a relatively stable phase since 2014, and a mild increase of 124 million tonnes of new capacity will be added during 2024-2026, Zhong Shaoliang, Deputy Director General of World Steel Association (WSA), shared at the 18th International Iron Ore Market Seminar in Qingdao in East China's Shandong on March 14.

Zhong Shaoliang, Deputy Director General of WSA Previously, the capacity has hovered at around 2.45 billion tonnes for years after 2014 and reached a high of 2.5 billion tonnes last year, Zhong cited the data by the Organisation for Economic Co-operation and Development. Despite potential capacity growth in the future, the