Developments in Steelmaking Capacity of Non-OECD Economies: Two-yearly report

摘要

The global steel industry's capacity to produce steel has increased rapidly over the past decade. Most of the growth in steelmaking capacity has occurred in non-OECD economies, particularly in Asia, where demand for steel used in downstream manufactur ing, to support construction activity, and to build the necessary infrastructure has expand ed strongly. Due to the long lead times necessary to build and expand steelmaking facili ties, trends in steelmaking capacity can lag those in demand. Although world steel de mand declined sharply during the global economic and financial crisis of 2008-09, and has recovered only moderately in some economies, the world's capacity to make steel has continued to increase steadily. In 2011, global steelmaking capacity is estimated to have reached 1 997.1 million metric tonnes (mmt), of which 1 331.7 mmt, or 66.7%, was lo cated in non-OECD economies.