[SMM Iron & Steel] Worldsteel Forecasts 1.3% Global Steel Demand Growth for 2026

Published: Mar 10, 2026 13:37

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The World Steel Association (Worldsteel) projected that global steel demand will rebound by 1.3% in 2026 to 1.77 billion tonnes. While Chinese demand is expected to decline by 1%, India’s consumption is forecast to grow by 9%, adding roughly 75 million tonnes of demand compared to 2020 levels.

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