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India steel demand growth forecast for 2026 and 2027: worldsteel

India’s steel demand is forecast to grow 7.9% in 2026 and 8% in 2027, driven by infrastructure, real estate, manufacturing and renewable energy projects.

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Growth expectations for global steel demand have been lowered. The World Steel Association forecasts that demand will remain flat in 2026 due to the impact of the real estate crisis in China, and has also lowered its 2027 forecast. However, a different picture emerges for Turkey. Despite the slowdown in the global market, steel demand in Türkiye is expected to continue increasing. 🚆

World Steel Association (Worldsteel) has revised its global steel demand growth forecasts downwards, previously projecting a 0.3% increase for 2026 and a 2.2% increase for 2027. The new forecast predicts demand will remain flat in 2026 and grow by 1.7% in 2027.

The recovery of world steel demand slips to 2027. According to the new Short Range Outlook (SRO) of the World Steel Association...-732222

The World Steel Association has released its Short-Term Outlook report covering the period 2026-2027 on global steel demand. Accordingly, global steel demand this year is largely...

World steel demand will remain almost unchanged this year, but it can return to growth in 2027 - 1.7 per cent, up to 1.752 billion tons - as shown by ... ~ 12.10.2026, PRIM

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1prime.ru broke the news on Monday, October 12, 2026.
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