This paper discusses the selection of metal extraction technologies according to the regional availability of energy resources. The most important energy sources in iron and steel production are determined from a review of current technologies to inform possible future scenarios of capacity replacement or expansion according to geography. Alternative technologies are not discussed, considering that actual investment in capacity is most often dominated by high degrees of risk aversion. As such, only technologies proven at a reasonable scale are included in the selection matrix. Scenarios of capacity choice are defined in terms of actions from external agents, those which are not directly involved in the industry but have the capacity to regulate actions by metal producing players. Two extreme scenarios corresponding to closed and open economies are used to set bounds for future expectations. Among steelmaking processes under fully open trade conditions, it is found that EAF steelmaking with charge pre-heat should be the technology of choice in all regions of the world except for South America and Europe, where Integrated Steel Mills have a cost advantage. In fully closed exchange scenarios, Integrated Steel Mills would be the prevalent technology in South America, Sub-Saharan Africa, India, and the former USSR, EAF with scrap pre-heating prevailing in all other regions. On the other hand, HYL-ZR would be the iron making technology of choice in all regions under full exchange scenarios. Under fully closed exchange conditions, Mini-Blast Furnaces, COREX, and HYL-ZR would find regional applications. Increases in raw materials and energy costs of 38 pct in steelmaking and 63 pct in ironmaking are found in going from fully open to fully closed exchange regimes. It is also found that Southeast Asia is the most suitable region for deploying new steelmaking capacity, while Australia and Russia are the best selection for new iron making capacity.