The World Steel Association (Worldsteel) estimates that global steel demand will grow by 0.3 percent this year and increase by 2.2 percent next year.
The previous forecast for 2026 was an increase of 1.3 percent.
"Our latest forecasts confirm the trend we outlined in our October 2025 Short Range Outlook (SRO), showing that global steel demand is bottoming out during the 2025-2026 period. This follows a prolonged and challenging phase of global structural adjustments that have dampened demand since 2022. We are now transitioning to a trajectory of moderate growth in 2026, with a more pronounced acceleration projected for 2027," the World Steel Association stated.
The Eurozone, including the UK, is expected to see demand growth of 1.3 percent this year, rising to 3.0 percent next year.
Demand in China is expected to decline by 1.5 percent this year and remain flat next year.
For the United States, steel demand growth is seen at 1.7 percent this year, increasing to 2 percent next year.
Under normal circumstances, the organization releases forecasts twice a year, in October and April.
Salzgitter AG is a Germany-based producer of steel and steel products. The Company operates through five segments: The Strip Steel segment is composed of the operating companies Salzgitter Flachstahl GmbH, Salzgitter Bauelemente GmbH, Salzgitter Europlatinen GmbH and Salzgitter Mannesmann Stahlservice GmbH and produces strip steel in a wide variety of metallurgic compositions and dimensions. The Plate/Section Steel segment includes Ilsenburger Grobblech GmbH, Salzgitter Mannesmann Grobblech, Peiner Traeger GmbH and HSP Hoesch Spundwand und Profil GmbH and provides various pig iron, steel and steel products. The Mannesmann segment provides steel tubes and pipes and operates through Mannesmannroehren-Werke GmbH. The Trading segment is engaged in trading steel products through Salzgitter Mannesmann Handel GmbH and Universal Eisen und Stahl GmbH. The Technology segment provides products and services for manufacturers of machinery and plants for the filling and packaging of beverages.
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