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Argentina’s steel industry is showing signs of recovery in 2026, but the rebound remains uneven, with stronger crude steel output contrasting with weak finished steel demand, depressed long steel consumption and renewed pressure from imports.
North American EV demand is slowing with BEV adoption declining while hybrid vehicle sales gain momentum, prompting automakers to reset strategies amid policy shifts and trade pressures.
A tentative easing of tensions in the Middle East has failed to convince market participants that shipping through the Strait of Hormuz will quickly return to pre-conflict norms, panellists said at Fastmarkets’ Iron Ore Decoded 2026 conference, held during Singapore International Ferrous Week.
India’s drive toward 300 million tonnes per year of steelmaking capacity by 2030 is on track from a capacity standpoint, but panellists at Fastmarkets’ Iron Ore Decoded 2026 conference said the country’s domestic iron ore base is likely to fall short of supporting that growth.
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