According to the Organization for Economic Cooperation and Development (OECD) steel Conference held in Paris on September 8, OECD said that since the beginning of this year, market conditions in the steel industry have recovered slightly.
During 2015-17, the global steel demand is expected to recovery gradually as a whole. Meanwhile, global annual production capacity increases to 2% in 2014 - 2015, and 2016-18 will fall further. OECD regional capacity is expected to remain unchanged in 2018, because a small part of new plans to replace the idle of capacity.
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