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West alarmed as global steel capacity set to jump 165 mt by 2027
Business Standard
|September 15, 2025
Steelmaking countries in the West are miffed at the prospect of global steel capacity rising by a hefty 165 million tonnes (mt) during 2025-27 when the industry is already confronting poor demand and low metal prices.
One common fear is that, with such big new capacity coming on stream, the mills will be constrained to further limit production.
Anthony de Carvalho, steel division head at Organization for Economic Co-operation and Development (OECD), warns that the emergence of a significant difference between capacity and demand will contribute to financial stress for the industry, including the most efficient steelmakers. The global surplus steel capacity is set to rise from 602 mt in 2024 to 721 mt in 2027, Carvalho says.
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