OECD - Latest news GMK Center

Excess capacity reached 640 million tons, and China's steel exports set a historic record in 2025

Revision reflects loss of assets in occupied territories and more realistic assessment of operating facilities

The main sources of growth are Asia, particularly India, ASEAN countries, and the Middle East

This contrasts with the situation in the organization's member states, where subsidies have remained relatively stable

Surges in imports affect the economies of the organization's member states

The dynamics of steel trade in 2023 underwent changes, Chinese exports increased sharply

The organization worsened the growth forecast of the Eurozone economy for the current and next years

Overcapacity in the future could have a significant impact on the industry

The organization's steel committee is concerned about the growth of excess steelmaking capacity

Continuous investment activity provokes an excess of steelmaking capacity, especially in Asia