Steel excess capacity
STO-REC-STAT01M2KJT1 Official
745 milliontonnes
Global · 2028
OECD projects steel excess capacity worldwide at 745 million tonnes in 2028.
- Publisher
- OECD
- Authority tier
- T1 Official
- Report
- OECD Steel Outlook 2026
- 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.
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).
The figure above was extracted from this passage. If it does not match, the extraction is wrong and we want to know.
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
Everything needed to check this number yourself, without taking our word for it.
Chain of Custody · Verification Audit
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