<div id="readability-page-1" class="page"><div><p>India is set to remain the fastest-growing major steel market even as global demand is expected to stagnate in 2026 amid geopolitical tensions, particularly the ongoing conflict in West Asia, according to the World Steel Association’s (worldsteel) latest Short Range Outlook.<small> </small></p></div><div><div><div id="article-index-0">  <p>  Global steel demand is projected to grow at a marginal 0.3 per cent in 2026 to 1,724 million tonnes (Mt), indicating that the market is bottoming out after a prolonged period of weakness since 2022. Growth is expected to pick up to 2.2 per cent in 2027, taking demand to 1,762 Mt.<small> </small></p> </div><div id="article-index-1">  <p>  The outlook has been clouded by the West Asia conflict, which is expected to result in a sharp drop in steel demand in the region, reversing earlier growth expectations. worldsteel cautioned that if hostilities persist beyond the second quarter, the global outlook may face downward revisions, particularly in energy-sensitive regions.<small> </small></p> </div><div id="article-index-2">  <p>  Against this backdrop, India’s steel demand is projected to grow 7.4 per cent in 2026 and accelerate further to 9.2 per cent in 2027, underpinned by broad-based strength across sectors.<small> </small></p> </div><div id="article-index-3">  <p>  “A resilient capital expenditure allocation cycle by Government of India continues to bolster steel demand while nationwide rail network expansion and an affordability-driven surge in consumer durables provides additional structural tailwinds,” the Indian Steel Association told Business Standard.<small> </small></p> </div><div id="article-index-4">  <p>  It added that in spite of the current West Asia crisis impacting all countries globally, the Indian steel industry remains confident of strong growth in steel demand this year.<small> </small></p> </div><div id="article-index-5">  <p>  China, the world’s largest steel consumer, is expected to see a contraction of 1.5 per cent in 2026.<small> </small></p> </div><div id="article-index-6">  <p>  In developing economies excluding China, steel demand growth is expected to moderate to 2.5 per cent in 2026 from around 5 per cent in recent years. This slowdown is primarily due to the contraction in the Middle East and a temporary easing in ASEAN economies following strong growth in 2025.<small> </small></p> </div><div id="article-index-7">  <p>The developed world is expected to see a gradual recovery, with steel demand projected to grow 1.0 per cent in 2026 and 2.3 per cent in 2027, marking a turnaround after three consecutive years of decline. All major developed economies, including the European Union, the United States, Japan, and Korea, are expected to record positive growth in 2027.</p> </div></div></div></div>

金屬採礦 ETF - SPDR

NDIA

鋼鐵 ETF - VanEck Vectors

富時印度 ETF - Franklin Templeton

印度小盤股 MSCI ETF - iShares

標普印度漂亮 50 ETF - iShares

印度 MSCI ETF - iShares

<p>根據世界鋼鐵協會的預測，印度將成為增長最快的主要鋼鐵市場，預計 2026 年的需求將增長 7.4%，2027 年將增長 9.2%。相比之下，全球鋼鐵需求預計在 2026 年僅增長 0.3%，這主要是由於地緣政治緊張局勢，特別是在西亞，可能導致前景的下調。儘管中國面臨 1.5% 的收縮，但發達經濟體預計將逐步復甦，2027 年將實現正增長</p>

India leads steel demand growth as global outlook weakens: Report

Business Standard

Global X India Active ETF

報告指出，印度在鋼鐵需求增長方面處於領先地位，而全球前景則顯得疲軟