World Steel Association Director General Henrik Adam warned in İstanbul that steel capacity is growing faster than demand. Global plants run at about 75% to 76% of capacity, leaving a quarter idle. Around 140 million metric tons of new capacity will arrive within two years. Adam also revealed that steel hidden inside exported cars, trucks & appliances nearly equals direct steel exports. Together, about 900 million metric tons of steel cross borders each year, double what official trade figures show.