Tag: Global steelmaking capacity seen topping 2.5 billion t in ’23: OECD

Despite increasingly challenging market conditions, global steelmaking capacity during 2023 grew for a fifth consecutive year to reach an all-time record high of some 2.5 billion tonnes, higher by 57.1 million tonnes or 2.3% from 2022, according to estimates in a new report from the Organisation for Economic Co-operation and Development (OECD). Notably, the capacity…