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  • Independently researched benchmark steel prices and indices, covering all major carbon steel and stainless steel products.
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MEPS Steel News

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EC investigation prompts steel import tariff changes

07.06.2023
The European Commission (EC) has listed the addition of country-specific tariff rate …
Tiered rack with sheet metal rolls. Internal warehouse of raw materials.(2)

Why are US stainless steel prices so high?

06.06.2023
US stainless steel mills continue to maintain their selling prices at among the highe …
Turkey’s steel sector is awaiting the outcome of the country’s new focus on “price stability” following the reappointment of Mehmet Şimşek as treasury and finance minister.   The former Merrill Lynch economist, who helped Turkey recover from the 2008 global financial crisis when he served as finance minister and deputy prime minister between 2009 and 2018, became the latest addition to President Tayyip Erdogan’s cabinet on Saturday (March 3).   Şimşek has previously established a reputation as an advocate of conventional economic policy. His influence could see the Turkish government choose to move away from its stance of maintaining low interest rates in the face of high inflation.   Annual inflation rates reached a record 85.5% in October 2022, declining to 39.6% in May 2023, albeit largely as a result of the government’s offer of free natural gas, which was reflected in consumer price index calculations.   Efforts to stabilise exchange rates will also be high on the agenda. However, Goldman Sachs has revis

Will Turkey’s new stability target boost steel sector?

06.06.2023
Turkey’s steel sector is awaiting the outcome of the country’s new focus …