"Growth in construction industry to drive steel demand"

During his presentation at the SteelOrbis 2025 Fall 2025 Conference & 93rd IREPAS Meeting held in Munich on September 28-30, Dr. Heinz-Jürgen Büchner, independent commodity consultant, highlighted trade tensions, sectoral growth prospects and the energy transition as defining factors for the global steel industry’s future. Noting that growth in the construction industry and in population promise long-term growth for steel demand, Dr. Büchner said that high tariffs and energy costs, as well as geopolitical tensions, remain challenges for the steel industry.

Global economic outlook: IMF raises growth forecasts for 2025

In its forecast updated at the end of July 2025, the International Monetary Fund (IMF) said it expects slightly higher growth in the global economy (+0.2 percent) for 2025 than in its April 2025 outlook, predicting three percent growth for this year and 3.1 percent for 2026. The main reason for the slightly improved outlook is primarily the slight reduction in US trade tariffs on its most important supplier countries. Dr. Büchner noted that Asia-Pacific continues to offer strong growth potential, particularly in Indonesia, the Philippines, and Malaysia, while Africa and the Middle East face uneven prospects due to geopolitical conflicts. South Africa, Canada, Brazil and especially Mexico are suffering particularly from the high US tariffs, while Turkey is affected especially by high inflation and weak consumer demand...

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