Worldsteel forecasts global crude steel output at 2.2-2.4 billion tons by 2050
2026-10-08 11:46:17 [Print]
Edwin Basson, Director General of the World Steel Association (worldsteel), said the global steel industry is undergoing a major transformation driven by geopolitical shifts, demographic changes, technological innovation and climate change.
Against this backdrop, global crude steel production is projected to reach 2.2-2.4 billion tons by 2050, with India and Southeast Asia expected to account for most of the additional output.
According to worldsteel data, global crude steel production totaled nearly 1.85 billion tons in 2025. Global steel demand is meanwhile expected to keep growing moderately, though the industry still faces significant decarbonization challenges.
Against this backdrop, global crude steel production is projected to reach 2.2-2.4 billion tons by 2050, with India and Southeast Asia expected to account for most of the additional output.
According to worldsteel data, global crude steel production totaled nearly 1.85 billion tons in 2025. Global steel demand is meanwhile expected to keep growing moderately, though the industry still faces significant decarbonization challenges.
