Singapore reinforced its role as a regional hub for the ferrous industry as stakeholders examined market trends, supply chains and decarbonisation
Singapore International Ferrous Week (SIFW) brought together global leaders, innovators and industry experts to exchange perspectives, strengthen partnerships and discuss developments shaping the ferrous sector. The event highlighted the resilience of the iron ore and steel industry and underscored Singapore’s position as a key hub for commodities trade and financial services.
The gathering provided a platform for participants from across the value chain to discuss market conditions, emerging technologies and sustainability initiatives. Organised with the support of SGX Group and Green Esteel Pte Ltd, the annual event convened stakeholders from business, finance and industry to explore opportunities amid evolving global demand and supply chain dynamics.
Delivering the opening remarks, Minister of State for Trade and Industry Alvin Tan said Singapore served as a hub for the exchange of ideas and for the physical and financial development of the ferrous industry. He noted that the Republic’s ecosystem offered connectivity and liquidity that enabled businesses to manage risks and respond to changing market conditions.
Discussions during the event focused on the outlook for the iron ore and steel sector. Despite short-term volatility and global steel demand growth forecasts of 0.3 per cent for 2026, participants noted that the industry remained resilient and was expected to recover to around 2.2 per cent growth in 2027. Asia continued to be a major driver of demand, with Southeast Asia benefiting from rapid urbanisation and India projected to record steel demand growth of approximately 7 per cent in 2026.
Source: Facebook/Alvin Tan 陈圣辉
