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Steel prices look set to stay high through 2026 as demand stays weak globally
Economy
Published on 24 April 2026
Prices rise even as global demand crawls
Global steel demand is forecast to grow only 0.3% in 2026, dragged down by China, even as India is expected to stand out in the demand rebound in 2027. Steel prices are still climbing due to higher raw-material costs, tighter supply, and geopolitical risks. Aluminium is gaining, while copper, zinc and nickel edge lower amid volatility.
- Global steel demand expected to rise just 0.3% in 2026
- India flagged as a major demand outlier by 2027 rebound
- Steel prices stay firm on raw-cost hikes, supply tightness, geopolitics
- Aluminium leads metals gains; copper zinc nickel mildly soften
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times