Steel Held High 2024 Season. Overall, the steel market outlook is cautiously optimistic but faces headwinds from high production costs, oversupply, environmental pressures, and uneven global demand. Steel production may rise 8%, to 140 mnt (130 mnt).
Since 2021, india has emerged. The world steel association (worldsteel) consider that global steel demand in 2025 will grow by 1.2% over 2024 levels (from ~1751 million tonnes finished products in 2024, to ~1772 million.