Global steel demand set to rise despite West Asia conflict risks
Though the ongoing West Asia conflict poses a risk, the global steel demand is poised to rise marginally by 0.3 per cent to 1,724 mt in 2026. This will be followed by an accelerated growth of 2.2 per cent in 2027 to reach 1,762 mt, according to the short range outlook (SRO) released by World Steel Association. However, the ongoing West Asia conflict might have a negative impact on the demand of that region in 2026.

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