Iron & steel industry 2026 investments.
Steel Industry Capital Investments.
Modernisation & capacity expansion projects 2026
| Country | Investor | Facility | Equipment | Capacity kt | Capex $m |
| Australia | Green Steel | Collie Works | Micro mill | 450 | 400 |
| Germany | ThyssenKrupp | Duisburg | DRI | 2500 | 2000 |
| Japan | Nippon Steel | Nagoya Works | HSM | 6000 | 2100 |
| Kazakhstan | QazSpecSteel | Aktobe Plant | BOF / CC / Billet | 800 | 600 |
| Korea | POSCO | Gwangyang | EAF | 2500 | 459 |
| New Zealand | New Zealand Steel | Glenbrook | EAF | 670 | 187 |
| Sweden | SSAB | Oxelosund | Decarbonisation | 1800 BF | 585 |
| UK | Tata Steel | Port Talbot | Decarbonisation | 5000 | 1463 |
| USA | Fortescue | Phoenix Hydrogen Hub | Hydrogen hub | 11 | 550 |
| USA | Nucor | Uncertain | Micro mill | 590 | 860 |
Decarbonisation at SSAB will involve closure of 1.8 mt BF capacity, closure of coke plants and investment in new EAF.
Number of capital investment records shown: 10
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All investment and modernisation projects above are scheduled for commissioning in year 2026. Capacity data is in metric tonnes.
MCI holds a database of over 1200 steel industry modernisation projects. This database contains individual modernisation records identifying the country, investor, facility, capacity impact, capital cost, capex cost per tonne, commissioning date etc. Please email info@steelonthenet.com
or call +44 775 149 0885 for further information.
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To contact us about year 2026 iron & steel sector modernisation projects email info@steelonthenet.com.