Steel demand growth vs Crude steel production growth

In 2026, steel demand growth worldwide stood at 2.5% (forecast), against -0.3% for crude steel production growth.

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Global, spaced by time. Both series are in %, so they share one axis; the legend names each line.

Steel demand growth and Crude steel production growth

Unit: % · 7 observations

2 series · one axis

Forecast: dashed line, hollow markers, shaded band

Steel demand growth and Crude steel production growth: GlobalSteel demand growth and Crude steel production growth. 2 indicators on one axis: Steel demand growth, Crude steel production growth. 7 observations from 2025 to 2027, ranging from -6.5% to 4%, of which 2 are forecasts. Latest values: Steel demand growth 4% (2027); Crude steel production growth -0.3% (July 2026). % -9 -6 -3 0 3 6 Apr 2025 Jul 2025 Oct 2025 Apr 2026 Jul 2026 Oct 2026 2025 2026 2027 FORECAST -0.3% Steel demand growth Crude steel production growth 4%
Steel demand growth and Crude steel production growth: GlobalSteel demand growth and Crude steel production growth. 2 indicators on one axis: Steel demand growth, Crude steel production growth. 7 observations from 2025 to 2027, ranging from -6.5% to 4%, of which 2 are forecasts. Latest values: Steel demand growth 4% (2027); Crude steel production growth -0.3% (July 2026). % -9 -6 -3 0 3 6 Apr 2025 Jul 2025 Oct 2025 Apr 2026 Jul 2026 Oct 2026 2025 2026 2027 FORECAST -0.3% Steel demand growth Crude steel production growth 4%
Steel demand growth and Crude steel production growth: GlobalSteel demand growth and Crude steel production growth. 2 indicators on one axis: Steel demand growth, Crude steel production growth. 7 observations from 2025 to 2027, ranging from -6.5% to 4%, of which 2 are forecasts. Latest values: Steel demand growth 4% (2027); Crude steel production growth -0.3% (July 2026). % -9 -6 -3 0 3 6 Apr 2025 Jul 2026 2026 FORECAST -0.3% Steel demand growth Crude steel production growth 4%
View the underlying data
Steel demand growth and Crude steel production growth: Global
Indicator Period Type Value
Steel demand growth 2027 Forecast 4%
Steel demand growth 2026 Forecast 2.5%
Steel demand growth 2025 Actual 0.2%
Crude steel production growth July 2026 Actual -0.3%
Crude steel production growth June 2026 Actual 1.7%
Crude steel production growth May 2026 Actual -0.3%
Crude steel production growth January 2026 Actual -6.5%
Source: worldsteel · CC BY 4.0 · Steel demand growth · Crude steel production growth

Shared periods

Side by side

Only one period is published for both series. Comparing anything else would mean comparing different years.

Period Steel demand growth Crude steel production growth
2026 2.5% -0.3%

Provenance

Where these numbers come from

Steel demand growth

Annual percentage change in steel demand.

3 observations in Global · source organisations: worldsteel

Crude steel production growth

Year-over-year percentage change in crude steel production.

4 observations in Global · source organisations: worldsteel

Data published under CC BY 4.0. Series A as JSON · Series B as JSON

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