The latest data from theOECD-OCDE presented this week at the 97th Steel Committee unambiguously show a sharp rise in global overcapacity:
⚠️ 602 million tonnes in 2024, reaching 721 million tonnes in 2027,
⚠️ more than five times the EU's steel production.

➡️ The European steel industry, through its organization The European Steel Association (EUROFER), reiterates the crucial need for strict and effective post-safeguard measuresUE to ensure its survival in a context where it is already severely affected by the spillover effects of global overcapacity and US tariffs on steel imports.

To learn more about the GFSEC study: gfsec-impacts-of-global-excess-capacity

To learn more about the statement of the 97th session of the OECD Steel Committee: 97th Steel Committee OECD 04 2025