Steel in 2026: Something I’ve noticed after talking with more steel plants
Hi everyone, I’m Morgan. I’ve been working in the refractory industry for nearly 20 years. Most of my time is spent talking with steel plants, following projects, discussing refractory performance, and sometimes simply listening to what customers are worried about. Over the past year, I’ve had one feeling again and again. People keep asking whether the steel industry is slowing down. Personally, I think that’s the wrong question. The better question is: What kind of steel industry are we moving into? That may sound similar, but the answer is very different. A few years ago, many discussions with customers started with price. Today, I find that the conversation often goes in another direction. Instead of asking, “Can you make it cheaper?”, customers are more likely to ask: “How stable will it be?” “How long can it last?” “Can we reduce maintenance?” I don’t think this means price has become unimportant. Far from it. Steel producers are under tremendous cost pressure. But they are looking at cost differently now. If a refractory can reduce an unexpected shutdown or extend campaign life, many customers are willing to have that conversation. That wasn’t always the case. Another change I’ve noticed is that projects don’t all look the same anymore. Some traditional steel sectors are clearly quieter than they used to be. At the same time, discussions around EAFs, specialty steels and cleaner production technologies seem to come up much more often. It’s difficult to describe the market as simply “good” or “bad.” It feels… uneven. Some opportunities are disappearing. Others are just beginning. Custom Solution Consultation Carbon is another topic that has changed surprisingly fast. To be honest, a few years ago, I didn’t expect customers to ask much about the carbon footprint of refractory materials. Today, it doesn’t happen in every meeting, but it happens often enough that I pay attention. Sometimes it’s because of export requirements. Sometimes it’s because the steel plant has its own sustainability targets. Sometimes they’re simply preparing for what they know is coming. Whatever the reason, it’s becoming part of the conversation. And once customers start asking questions, suppliers eventually need answers. One thing I’ve learned after working in this industry for so many years is that refractories are rarely the center of attention. When everything runs well, nobody talks about them. When something fails, everybody does. That’s why I believe our job isn’t simply to sell bricks or castables. It’s to help steel plants run more smoothly, more predictably and, hopefully, for longer between shutdowns. If we can do that, we’ve created value that goes far beyond the price on a quotation. Custom Solution Consultation My Perspective I don’t think 2026 will be remembered as a year of dramatic growth. I think it will be remembered as a year of adjustment. The companies that adapt to these changes early won’t necessarily be the biggest. They’ll be the ones that listen more carefully to what steel plants actually need. That’s something I’ve become more convinced of with every project and every customer conversation. I’d love to hear what others are seeing. Have your customers changed what they care about over the past few years? Or is your market telling a different story? I’m always interested in learning how things look from other parts of the industry. Contact Us Related Posts More Blog









