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.
- Global steel output continues to slide in March03.05.2022The first quarter of 2022 was a difficult time for global crude steel production. Output totalled 456.6 million tonnes – a drop of 6.8% from the same period in 2021, according to the latest figures from the World Steel Association.
- EU stainless buyers shun the mills’ “base plus” pricing, as alloy surcharges hit record highs29.04.2022European alloy surcharges for austenitic stainless steel increased significantly, in April. A flurry of end-user purchasing activity and the pulling forward of consignment stocks were noted, prior to their release in March, in anticipation of the hike
- Slowdown in global automotive sector drags on steel prices27.04.2022The global semiconductor shortage continues to curtail production at automakers around the world. New and ongoing Covid-related lockdowns in China are inhibiting already strained supply chains.
- US rebar prices stabilise amid balanced fundamentals26.04.2022The recent upward pricing momentum in the US reinforcing bar market ground to a halt, this month.
- Buying panic subsides in European steel market20.04.2022European steel prices continued to increase, in the second half of March. By the start of April, this upward trend had largely ceased. Panic buying subsided. Hot rolled coil prices started to soften, in some regions.
- Stainless steel prices shaken by LME nickel turmoil30.03.2022Stainless steel market participants were left in uncharted territory when the Russian-Ukraine conflict caused exceptional volatility and the ensuing suspension of nickel trading on the London Metal Exchange, earlier this month.
- Chinese steel prices buck the global trend28.03.2022European steel transaction values are soaring, during the military conflict in Ukraine. The recent downward trend in the US steel market has been reversed. However, Chinese prices are stagnating, despite rising raw material costs.
- War returns to Europe – How will it affect steel demand?24.03.2022In the second part of this series, we analysed the effects of the Russia-Ukraine war on steel feedstock and energy costs in Western Europe. In part three, we examine the implications for steel demand and the economy.