Industry News
OECD Steel Outlook 2026: Global Demand Stagnates While Excess Capacity Reaches New HeightsThe 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.Jul 13,2026- UK and EU Tighten Steel Import Controls as Global Trade Protection Wave IntensifiesJuly 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.Jul 8,2026
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