Steel excess capacity vs Steel demand growth

In 2025, steel excess capacity worldwide was 640 million tonnes; steel demand growth was 0.2%.

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Steel excess capacity

Unit: million tonnes · 2 observations

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Forecast: dashed line, hollow markers, shaded band Estimates are listed as such in the table below

Steel excess capacitySteel excess capacity. 2 observations from 2025 to 2028, ranging from 640 million tonnes to 745 million tonnes, of which 1 are forecasts. Latest value 745 million tonnes (2028). million tonnes 0 200 400 600 800 2025 2026 2027 2028 FORECAST 640 745
Steel excess capacitySteel excess capacity. 2 observations from 2025 to 2028, ranging from 640 million tonnes to 745 million tonnes, of which 1 are forecasts. Latest value 745 million tonnes (2028). million tonnes 0 200 400 600 800 2025 2026 2027 2028 FORECAST 640 745
Steel excess capacitySteel excess capacity. 2 observations from 2025 to 2028, ranging from 640 million tonnes to 745 million tonnes, of which 1 are forecasts. Latest value 745 million tonnes (2028). million tonnes 0 200 400 600 800 2025 2026 2027 2028 FORECAST 640 745
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Steel excess capacity
Period Type Value
2025 Estimate 640 million tonnes
2028 Forecast 745 million tonnes
Source: AISI · CC BY 4.0 · Full series

Steel demand growth

Unit: % · 3 observations

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Forecast: dashed line, hollow markers, shaded band

Steel demand growthSteel demand growth. 3 observations from 2025 to 2027, ranging from 0.2% to 4%, of which 2 are forecasts. Latest value 4% (2027). % 0 1 2 3 4 2025 2026 2027 2028 FORECAST 0.2% 4%
Steel demand growthSteel demand growth. 3 observations from 2025 to 2027, ranging from 0.2% to 4%, of which 2 are forecasts. Latest value 4% (2027). % 0 1 2 3 4 2025 2026 2027 2028 FORECAST 0.2% 4%
Steel demand growthSteel demand growth. 3 observations from 2025 to 2027, ranging from 0.2% to 4%, of which 2 are forecasts. Latest value 4% (2027). % 0 1 2 3 4 2025 2026 2027 2028 FORECAST 0.2% 4%
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Steel demand growth
Period Type Value
2025 Actual 0.2%
2026 Forecast 2.5%
2027 Forecast 4%
Source: worldsteel · CC BY 4.0 · Full series

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Period Steel excess capacity Steel demand growth
2025 640 million tonnes AISI 0.2% worldsteel

Provenance

Where these numbers come from

Steel excess capacity

Volume of crude steelmaking capacity in excess of global steel demand.

2 observations charted in Global · source organisations: AISI

Steel demand growth

Annual percentage change in steel demand.

3 observations charted in Global · source organisations: worldsteel

Data published under CC BY 4.0. Series A as JSON · Series B as JSON

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