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.
- US hot rolled coil prices in freefall
US hot rolled coil prices in freefall27.01.2022The US steel market has been through a turbulent time, in the past two years.
- EU mills push for price hikes amid slow start to 2022
EU mills push for price hikes amid slow start to 202221.01.2022The European steel market started slowly in 2022. With Epiphany falling towards the end of the first week of the year, many supply chain participants delayed their return to work to January 10.
- UK steel market cautiously optimistic for 2022
UK steel market cautiously optimistic for 202206.01.2022Many UK steel suppliers will be heading into 2022 in confident mood, after posting impressive financial results during the past twelve months.
- New Capacity Roundup - December 2021
New Capacity Roundup - December 202123.12.2021Here is a selection of the major steelmakers' latest production and capacity investments announced this month. The revamp of ArcelorMittal’s Fos-sur-Mer flat product mill will soon commence.
- Stainless steel sector to remain bullish in 2022
Stainless steel sector to remain bullish in 202223.12.20212021 has been an exceptional year for the global stainless steel industry. Most companies, throughout the supply chain, will post very strong financial results for the period.
- Global steel prices forecast to remain elevated in 2022
Global steel prices forecast to remain elevated in 202221.12.2021Steel market participants are becoming increasingly cautious in their purchasing requirements. The forward view on global prices is, gradually, turning more negative, particularly for coil products.
- Year-end uncertainties curb European buying activity
Year-end uncertainties curb European buying activity15.12.2021At the start of December, steel service centres and distributors were struggling to establish the market direction. Mills’ official prices remained elevated, but stock levels rose as steel consumption reduced.
- Global steel production forecast at record high in 2022
Global steel production forecast at record high in 202214.12.2021MEPS has lowered its annual crude steel production forecast to 1,940 million tonnes, for 2021. Nevertheless, this figure is a new peak for global steelmaking, and represents year-on-year growth of 3.4 percent.
- Indonesia drives global stainless steel output growth
Indonesia drives global stainless steel output growth01.12.2021MEPS has upgraded its global crude stainless steel production forecast to 56.8 million tonnes, in 2021. A slowdown in Chinese output is being offset by stronger-than-expected activity in the rest of the world, particularly in Indonesia.
- New Capacity Roundup - November 2021
New Capacity Roundup - November 202130.11.2021Here is a selection of the major steelmakers' latest production and capacity investments announced this month.
- EU stainless CR coil prices climb as supply tightens
EU stainless CR coil prices climb as supply tightens30.11.2021Stainless steel market participants remain cautiously optimistic regarding demand in 2022. This is despite a steady, month-on-month, slowdown in activity since the end of the summer period.