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Global Overcapacity

The latest in this ongoing, worldwide problem.

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Chinese Mills Should Throttle Back Production, Industry Official Says

01 Apr 2019 - The chairman of the China Iron & Steel Association is calling for domestic mills to restrain production as output rises despite that the country’s economy appears to be cooling. 

Steel Capacity Continues to Outpace Need, OECD Says

01 Apr 2019 - Global steelmaking capacity could grow between 4% and 5% in the next three years, worsening a 425.5 million metric ton gap, according to the Organisation for Economic Co-operation and Development’s steel committee.

Let's Not Disband the Global Steel Capacity Forum, EUROFER Says

28 Mar 2019 - The European Steel Association (EUROFER) is urging the world’s steel-producing countries to allow the Global Forum on Steel Excess Capacity to continue its work. 

Chinese Province Plans Steel Capacity Cuts

07 Mar 2019 - China’s northern steelmaking province of Hebei plans to lop 14 million metric tons of capacity this year and next in a bid to improve air quality, reports the Reuters news service.

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