ABSTRACT
The world steel industry suffers from overcapacity; more steel is being produced or can be produced than what the world can absorb. Excess capacity seems to grow progressively, and in 2017 the global excess of world steel capacity is expected to increase to approximately 807 million tonnes. CIS appears to have excess steel, but given its huge imports of indirect steel in the form of steel products, its fabrication and machine building industry may need rebuilding. North America is a hectic exporter of indirect steel, and so is Asia; both the USA and China export finished steel as well as steel products. The Middle East steel market shows that steel follows investments; if one wants to export steel, then one must invest in projects in that country. Steel exports usually follow investments in manufacturing, mining and infrastructure projects and this makes steel a subsidiary of the overall global investment trends.
