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.
- Stainless resale values struggle to surpass mill prices
Stainless resale values struggle to surpass mill prices31.10.2022Stainless steel buying activity, in Europe, was weaker than anticipated, in October. Many market participants reported a slight improvement, month-on-month.
- Chinese steelmakers arrest slide in global steel output
Chinese steelmakers arrest slide in global steel output28.10.2022The latest figures from Worldsteel show that the drop in global crude steel output seen throughout 2022 reversed in September. Steelmakers produced a total of 151.7 million tonnes, during that month – an increase of 3.7% compared with the previous Septemb
- Prices under negative pressure despite mill list hikes
Prices under negative pressure despite mill list hikes25.10.2022October was expected to be a crucial month in determining the short-term direction of global steel prices. In Europe and North America, the mills’ efforts to reverse the negative trend are being strongly opposed by buyers.
- Mill capacity cuts fail to deliver price aspirations
Mill capacity cuts fail to deliver price aspirations19.10.2022In early September, European steelmakers were promoting significant price increases, to protect margins against soaring energy costs. This effort was supported by blast furnace shutdowns and other capacity cuts.
- Asian stainless prices rise on supply concerns
Asian stainless prices rise on supply concerns30.09.2022Global stainless steel demand remained weak throughout the summer period. However, market sentiment in Asia has become more optimistic following the return to work after the Mid-Autumn Festival holidays, earlier this month.
- New Capacity Roundup - September 2022
New Capacity Roundup - September 202230.09.2022Here is a selection of the major steelmakers' latest production and capacity investments announced this month.
- No respite for steel output downturn in August
No respite for steel output downturn in August28.09.2022In August, global crude steel production fell by 3%, year-on-year, to 150.6 million tonnes, according to the latest monthly statistics published by the World Steel Association.
- The steel industry during the Queen’s 70-year reign
The steel industry during the Queen’s 70-year reign26.09.2022When Queen Elizabeth II ascended the throne in 1952, global crude steel production stood at 212 million tonnes. By the end of her reign, in 2022, it had climbed to 1.9 billion tonnes – a dramatic increase of 800 percent.
- European steel buyers seek direction in volatile market
European steel buyers seek direction in volatile market21.09.2022Demand for steel is slow to recover, after the summer break. Mill production costs continue to increase. Steel purchasers are uncertain about the future direction of the market.
- The Death of Her Majesty Queen Elizabeth II
The Death of Her Majesty Queen Elizabeth II08.09.2022The MEPS family is deeply saddened by the passing of Her Majesty The Queen.
- Global stainless output forecast to rise 1% this year
Global stainless output forecast to rise 1% this year31.08.2022The risk of a global recession starting in the second half of 2022 is heightened.