Steel excess capacity

STO-REC-STAT01M2KJT1 Official
745 milliontonnes
forecast

Global · 2028

OECD projects steel excess capacity worldwide at 745 million tonnes in 2028.

Original source
Publisher
OECD
Authority tier
T1 Official
Locator
More capacity, weak demand and near-record excess capacity continue to threaten the steel industry
Retrieved
15 Sep 2026
Status
Verified

What the source says

Excess capacity is projected to increase to 745 million tonnes (Mt) by 2028 – 319 Mt more than OECD Member countries currently produce – approaching the historical highs of the last steel crisis a decade ago.

Organisation for Economic Co-operation and Development, OECD Steel Outlook 2026 · More capacity, weak demand and near-record excess capacity continue to threaten the steel industry
Verbatim extraction verified: The figure 745 million tonnes is directly attested in the quoted passage (More capacity, weak demand and near-record excess capacity continue to threaten the steel industry).

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Cite this figure

Published under CC BY 4.0. Attribute the original publisher; the citations below do that for you and link to this permanent record.

APA
Organisation for Economic Co-operation and Development. (2028). OECD Steel Outlook 2026. Retrieved September 15, 2026, from https://www.oecd.org/en/publications/oecd-steel-outlook-2026_99ab9b0c-en.html. Via StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XBYFBKGCXKWV0MKK2TH
MLA
Organisation for Economic Co-operation and Development. "OECD Steel Outlook 2026." 2028, https://www.oecd.org/en/publications/oecd-steel-outlook-2026_99ab9b0c-en.html. Accessed 15 Sept. 2026 via StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XBYFBKGCXKWV0MKK2TH.
Chicago
Organisation for Economic Co-operation and Development. "OECD Steel Outlook 2026." 2028. https://www.oecd.org/en/publications/oecd-steel-outlook-2026_99ab9b0c-en.html. Accessed September 15, 2026. Cited from StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XBYFBKGCXKWV0MKK2TH.
BibTeX
@misc{oecd2028steelmkk2th, author = {{Organisation for Economic Co-operation and Development}}, title = {OECD Steel Outlook 2026}, year = {2028}, howpublished = {StatOrigin, https://statorigin.org}, url = {https://statorigin.org/stat/stat_01M2KJ7XBYFBKGCXKWV0MKK2TH}, note = {Original source: https://www.oecd.org/en/publications/oecd-steel-outlook-2026\_99ab9b0c-en.html. Accessed September 15, 2026.} }

Provenance and verification

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Record: STO-REC-STAT01M2KJ T1 Official

Primary Source

Publisher
Organisation for Economic Co-operation and Development · homepage ↗
Authority tier
Tier 1 · Multilateral Official
Report
OECD Steel Outlook 2026
Type
Press release
Published
Locator
More capacity, weak demand and near-record excess capacity continue to threaten the steel industry
Retrieved
15 September 2026
Link status
Reachable (HTTP 200)
Report licence
See source

Verification & Integrity

Audit status
Verified
Review protocol
Editorial review
Checked on
15 September 2026
Last revision
15 September 2026
Archival URI
/stat/stat_01M2KJ7XBYFBKGCXKWV0MKK2TH