Global Steel Demand Rebounds: Asia-Pacific Leads Infrastructure-Driven Growth

Global steel demand rose 3.2% YoY in Q1 2025, driven by infrastructure projects in Southeast Asia and the Middle East. Indonesia’s new capital construction and Saudi Arabia’s NEOM City initiative boosted long steel imports. Meanwhile, EU steel consumption stabilized as manufacturing PMI rebounded to 51.5, signaling post-pandemic recovery. Analysts predict global steel demand to grow 2.8% in 2025.