Industry News

The OECD Steel Outlook 2026, published on June 4, paints a sobering picture of the global steel industry. Demand contracted for a fourth consecutive year in 2025, excess capacity continues to climb, and a record number of trade actions are fragmenting the international market. For steel importers, distributors, and manufacturers, the report provides critical data for navigating an increasingly complex landscape.

July 1, 2026, marked a turning point in global steel trade. The United Kingdom launched its most aggressive steel import restriction in decades, slashing tariff-free quota volumes by 60% and imposing a 50% duty on out-of-quota shipments.