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.
- EU & US cut a narrow path through Trump's trade wall
EU & US cut a narrow path through Trump's trade wall25.11.2021Authorities in the United States and the European Union recently pledged to end their long-running trade dispute over steel and aluminium.
- Italian steel coil prices expected to rise
Italian steel coil prices expected to rise23.11.2021Autumn is typically the time of year when the weather turns cooler, and the leaves fall off the trees. The “winds of change” may also be sweeping through the Italian flat product steel market, this month.
- European steel prices recover but demand wanes
European steel prices recover but demand wanes18.11.2021European steel prices recovered slightly in recent weeks, having declined further in October. Inflated energy costs strengthened producers’ resolve to halt the downward trend.
- Charity Football Match
Charity Football Match15.11.2021MEPS International is located to the west of Sheffield city centre, a stone’s throw from Sheffield Children’s hospital. We recently had the honour of sponsoring a charity football match at Sheffield FC, the world’s oldest football club.
- 3 reasons Indian steel buyers should pay attention to coal prices
3 reasons Indian steel buyers should pay attention to coal prices10.11.2021China is in the midst of a well-documented coal shortage. Reduced output in the key mining region of Shanxi is being exacerbated by a de facto ban on imports from Australia.
- EU stainless steel buyers concerned about tight supply
EU stainless steel buyers concerned about tight supply04.11.2021Scarcity of material and high prices will remain key features of the European stainless steel market, in the last few months of 2021.
- New Capacity Roundup - October 2021
New Capacity Roundup - October 202104.11.2021ArcelorMittal has announced that it will invest €1.1 billion adding a new direct reduced iron plant with two electric arc furnaces to its Gent facility. The recently refurbished blast furnace B will remain in service...
- Canadian steel industry rebounds in 2021
Canadian steel industry rebounds in 202103.11.2021Canada’s steel industry, which was adversely affected by both the coronavirus pandemic and low oil and gas prices in 2020, is recovering strongly. Steel consumption by the energy, construction and mining sectors has rebounded substantially this year.
- Asian stainless steel prices reach ten-year high
Asian stainless steel prices reach ten-year high28.10.2021The MEPS Asian average grade 304 hot and cold rolled coil prices, in October, stand at their highest levels since September 2011. Cold rolled coil transaction values have increased by more than 50 percent, in China, in the past twelve months. In Japan, fl
- Lack of semiconductors short-circuits global HRC prices
Lack of semiconductors short-circuits global HRC prices26.10.2021The MEPS world average hot rolled coil price declined by 3.6 percent, month-on-month, in October, after reaching an all-time high figure in September. This brought to an end a fourteen-month price rally.
- CHQ rod supply and demand reduce in Asia and Europe
CHQ rod supply and demand reduce in Asia and Europe25.10.2021The global supply of fasteners continues to be hampered by production and transport problems, both in Asia and Europe. MEPS understands that delivery lead times for cold heading quality rod (CHQ), from Asian and European suppliers, remain extended.