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The Secretariat of the OECD Steel Committee prepares a report on steelmaking capacity developments in non-OECD economies every two years. This report reviews available material on existing capacity and on likely developments through 2012. To the extent possible, expectations beyond 2012 are also reflected.
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The capacity to produce steel has important implications for conditions in the world steel market. Future levels of steel production, employment, and trade, for example, all reflect current investment in steelmaking facilities. In recent years, most of the growth in the world’s steelmaking capacity has occurred in non-OECD economies to meet the needs of rapid economic development. The expansion has been most pronounced in countries with either high market demand or low costs, including China, India, and Brazil. This report examines the current steelmaking capacity of non-OECD economies and likely changes therein up to the year 2012, based on the Secretariat’s monitoring of investment activity using a number of news sources and other information available in the public domain.
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In order to estimate the steelmaking capacity of non-OECD economies in the year 2012, the expansion projects of those economies were classified as “firm”, “possible”, or “unlikely” on the basis of whether they would proceed and be completed by 2012. The criteria used to classify the projects included...
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