World Steel Cuts 2026 Steel Demand Outlook, Sees Slight Contraction
The World Steel Association lowered its 2026 global steel demand forecast, citing weaker demand in China and disruption from the US-Israeli war with Iran.
The World Steel Association lowered its forecast on Monday, projecting a slight contraction in global steel demand this year. It cited weaker demand in China and disruption from the US-Israeli war with Iran as factors weighing on consumption.