Latest Steel News
Below you will find MEPS Steel News – the latest news from the global steel sector written by our steel market experts. You can sign up here, to receive the latest articles as soon as they are published.
- MEPS forecasts 2024 EU stainless steel market recovery
MEPS forecasts 2024 EU stainless steel market recovery26.05.2023MEPS senior consultant Kaye Ayub told attendees at this week’s British Stainless Steel Association (BSSA) annual conference to expect a European stainless steel market recovery in 2024.
- Turkish steelmakers hope for rebuild boost
Turkish steelmakers hope for rebuild boost25.05.2023Anticipation of an acceleration in Turkey’s post-earthquake rebuilding efforts is growing, ahead of next week’s second round of voting in the country’s presidential elections.
- MEPS shines spotlight on stainless steel price trends
MEPS shines spotlight on stainless steel price trends25.05.2023Are stainless steel prices headed into a “downward spiral” amid weak demand and reluctance among buyers who anticipate a cut-price outlook?
- Driving evolution: Chinese exports and EVs shift automotive's steel demands
Driving evolution: Chinese exports and EVs shift automotive's steel demands23.05.2023Chinese car manufacturers’ appetite for growth in electric vehicles (EV) and a drive towards net carbon-neutral car production are set to reshape the automotive sector’s demand for steel during 2023 and beyond.
- European steel prices lacking clear signal
European steel prices lacking clear signal22.05.2023In advance of the annual Made in Steel trade fair, held in Milan this month, European steel buyers expressed their uncertainty about future prices and, therefore, held back purchases.
- New Capacity Roundup – April 2023
New Capacity Roundup – April 202328.04.2023Here is a selection of the major steelmakers' latest production and capacity investments announced this month.
- Stainless flat prices fall as Q2 outlook deteriorates
Stainless flat prices fall as Q2 outlook deteriorates28.04.2023April is traditionally a slow month, in terms of activity, due to holidays in several countries. This year was no different.
- Global steel coil prices peak amid mixed market sentiment
Global steel coil prices peak amid mixed market sentiment27.04.2023The MEPS World average hot rolled coil price exceeded US$1000 per tonne, in April, for the first time since the middle of 2022.
- EU mills’ price aspirations unsupported by the market
EU mills’ price aspirations unsupported by the market21.04.2023From December last year, European flat product steelmakers successfully implemented regular price rises.
- New Capacity Roundup – March 2023
New Capacity Roundup – March 202331.03.2023Here is a selection of the major steelmakers' latest production and capacity investments announced this month.
- EU stainless sector facing reduced demand and prices
EU stainless sector facing reduced demand and prices31.03.2023Hopes of a second quarter recovery in the European stainless steel market are fading. Stockists and distributors in the region report a weak demand outlook, following relatively low sales volumes in the first three months of 2023.
- Steel prices up, demand down in Central Europe
Steel prices up, demand down in Central Europe28.03.2023Against a backdrop of weak underlying end-user demand and subdued distributor purchasing activity, flat product steel prices in Central Europe continue to soar.