Steel producers speaking at IREPAS 2026 said the global steel sector remains under pressure from high costs, weak growth, and regulatory uncertainty.
Alexander Gordienko of Spain’s CELSA Group said producers face:
- Rising raw material costs
- Limited pricing power
- Volatile energy markets
- Weak global demand growth
CBAM and Trade Rules Reshaping Markets
The EU’s Carbon Border Adjustment Mechanism (CBAM) remains central to trade discussions.
By 2027, mills with verified emissions data are expected to gain a competitive edge as buyers prioritize low-carbon and traceable supply.
Iran Supply Disruptions Impact Semis Market
Production damage in Iran has affected around 10 million mt of steel capacity, tightening semis availability and shifting trade flows.
The producers committee said the industry outlook remains fragile, with costs and geopolitics posing major risks.
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