The market that steelmakers worldwide face is a little like ordering a couple pizzas for friends to watch the game and soon finding boxcars of pizzas flooding your neighborhood streets from India, Brazil, Japan and everywhere else.

The steel market is saturated, exerting downward pressure on prices as U.S. Steel Corp. picks up the pieces after Monday’s explosion at its Clairton Coke Works on the Monongahela River, about 20 miles south of Pittsburgh.

Four of the company’s 10 coke oven batteries, which make the fuel used in steelmaking, were offline Tuesday in the wake of the tragedy that claimed the lives of two workers and injured 10 others.

But the reduced coking capacity may not make much of a ripple in a market with more pressing concerns.

Global steel overcapacity is estimated at 6

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