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Global steel industry faces capacity glut

Posted on 28 November 2012

Global steel has a big problem: It’s too big and it’s getting bigger. This year, steel mills around the world have a production capacity of 1.8 billion tons but will take orders for only 1.5 billion tons. And instead of consolidating and becoming more efficient, the industry is building still more capacity.
By 2016, an estimated 100 new mills, with total estimated supply capacity of 350 million tons, are expected to come on stream, according to industry executives and consultants………………………………………..Full Article: Source

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