GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
World Steel Association Downgrades 2026 Steel Demand Outlook
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2026-05-12
The World Steel Association (worldsteel) has trimmed its growth forecast for global steel demand in 2026 to just 0.3%, with total demand expected at 1.724 billion tons—significantly slower than the prior estimate of 1.3%. Demand is then projected to accelerate by 2.2% in 2027 to 1.762 billion tons, signaling a shift from a prolonged structural adjustment to a more modest recovery. Alfonso Hidalgo Calcerrada, chairman of worldsteel’s Market Research Committee, said that after years of structural changes since 2022, steel demand has likely bottomed out and is now rebounding, yet uncertainty remains high.
Excluding China, global steel demand growth in 2027 is expected to reach 4.0%, a recent high, driven primarily by India, Africa, Europe and North America. In contrast, China’s steel demand contraction is forecast to narrow to about 1.5% in 2026 and then be roughly flat in 2027, ending the steep downturn that began in 2021 and marking a transition from a China‑driven market to a new pattern led by both emerging and mature economies.
世界鋼鐵協會
需求預測
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World Steel Association
worldsteel
demand forecast
lower growth estimate
modest recovery
emerging markets
mature economies
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GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
2026-05-12
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