After a global contraction this year, our working assumption is for steel demand growth to resume from 2021. Peak steel demand in China has been pushed back a year to 2021. Thereafter, India will be the source of a large portion of global growth alongside developing Southeast Asian nations. Elsewhere in the world there is little demand growth potential. As environmental concerns grow, how will steelmaking technology evolve? In China, scrap based EAF production will take an increasing share of the market. India's demand growth will be supplied by additional integrated BF-BOF facilities. Europe is leading the way with emissions free steel production technology. The Middle East and North Africa has scope to raise DRI production. The Global steel market long-term outlook provides detailed supply and demand analysis and price forecasts for the steel market out to 2040.