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Kallanish Steel Weekly: OECD expects global steel demand to grow only 1%, overcapacity to continue

Kallanish Steel Weekly: OECD expects global steel demand to grow only 1%, overcapacity to continue (March 21, 2023)

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Following last year’s 2.3% slump, growth in global steel demand is expected to be limited to only 1% in 2023, the OECD Steel Committee concluded last week. There is growing concern over the disconnect between the rapid build-up of new steelmaking capacity in some economies and market expectations of steel demand.

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