On 12 October 2026, worldsteel forecast broadly flat global steel demand of 1,722 million tonnes in 2026, followed by 1.7% growth to 1,752 million tonnes in 2027. These are forecasts, not full-year results.
Check the scope
The Short Range Outlook covers finished-steel demand, rather than crude-steel production. Comparing it directly with a monthly production bulletin cannot establish a shortage or surplus of a particular product.
BVM purchasing perspective
The following suggestions are BVM purchasing practices, not worldsteel price forecasts. Aggregate global demand cannot determine the purchase price of an individual S45C, wire rod or alloy-steel shipment. Compare each production requirement with a valid supplier offer.
- Confirm downstream orders: committed output, consumption dates and planned delivery lots. - Compare offers on the same grade, standard, delivery condition, documentation and transport terms. - Record quotation validity, manufacturing lead time and payment dates separately; an old offer is not a current price. - Prepare staged deliveries, specifying minimum lot sizes and remaining stock. - Reconfirm offers when dimensions or timing change; any inventory increase should be linked to confirmed demand.
A useful tracking sheet includes requirement ID, material, quantity, required date, supplier, quotation validity and the person responsible for confirmation. Keep market-data versions separately so that the information behind a decision remains identifiable.
BVM uses market bulletins as discussion context. Technical requirements, prices and delivery commitments for each transaction still need confirmation in the relevant documents.
worldsteel, Short Range Outlook, 12/10/2026 (checked 07/11/2026): https://worldsteel.org/media/press-releases/2026/worldsteel-short-range-outlook-october-2026/ Method / Phạm vi / 口径: https://worldsteel.org/data/about-our-data/
BVM illustrative image generated by AI.
