The World Steel Association forecasts global steel demand to grow by 0.3% in 2026, reaching one thousand seven hundred twenty-four million metric tons. Growth is set to accelerate to 2.2% in 2027. India leads all major markets, projecting demand growth of 7.4% in 2026 & 9.2% in 2027. China's contraction narrows to 1.5% as its housing market stabilizes. All major developed economies are expected to post positive growth in 2027 for the first time in years