Global steel overcapacity may reach 721 mnt by 2027, threaten decarbonisation investments OECD

Source: BigMint Sep 29, 2026 09:00

Excess capacity to pressure prices, profitability, low-CO2 investments. Planned BF-BOF capacity additions expected to far exceed closures

The OECD has cautioned that a sharp increase in global steel overcapacity could undermine the industry's transition to low-emission production pathways. In its latest report, 'Navigating the Steel Transition amid Global Excess Capacity', the organisation estimates that worldwide excess steelmaking capacity will expand from 601 million tonnes (mnt) in

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