Steel leaders meeting in Istanbul on 26-27 October 2026 warned that the world is building more steel capacity than it needs. Global mills are running at only about 75 percent of capacity, another 140 million tonnes of capacity is coming, & demand will stay flat at about 1.7 billion tonnes this year. Governments are responding with tariffs & quotas, which Turkish speakers say unfairly hurt their cleaner, scrap-based steel. They asked the EU to treat Turkey as a close partner, not an outsider, & called for fair trade, affordable energy & help financing low-carbon steel