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    Analysis

    April 14, 2026

    Global steel demand set to rebound through 2027 as North America gains momentum

    Written by Laura Miller

    Global steel demand is stabilizing and poised for a gradual recovery through 2027, with North America expected to post solid, policy-supported gains, according to the World Steel Association’s latest Short Range Outlook released on Tuesday, April 14.

    Brussels-based worldsteel now forecasts global steel demand to rise 0.3% in 2026 to 1,724 million metric tons (mt), followed by a stronger 2.2% increase in 2027 to 1,762 million mt.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

    Read more from Laura Miller

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