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.
- UK extends safeguards as “free trade” argument persists
UK extends safeguards as “free trade” argument persists05.07.2022In the post-Brexit environment, the British authorities have attempted to forge economic partnerships with many countries, around the world, away from the purported bureaucracy of the regional trading bloc.
- Inventory surge triggers rapid EU stainless price fall
Inventory surge triggers rapid EU stainless price fall30.06.2022Stainless steel buying activity, in Europe, has remained considerably weaker than anyone anticipated following the decline in April.
- New Capacity Roundup - June 2022
New Capacity Roundup - June 202229.06.2022Here is a selection of the major steelmakers' latest production and capacity investments announced this month.
- Soaring inflation weighs heavily on Czech steel market
Soaring inflation weighs heavily on Czech steel market28.06.2022The inflation rate, in the Czech Republic, has surged above 15 percent – with the prospect of this rising further, in the near future.
- Price volatility plagues global steel market
Price volatility plagues global steel market27.06.2022Global steel market participants report that they have never had it so tough when it comes to buying and selling steel. A unique set of economic and political circumstances has contributed to extreme pricing volatility, in recent years.
- Recovery in China could hold the key to global steel price fortunes
Recovery in China could hold the key to global steel price fortunes24.06.2022The downward trajectory of global steel prices, for both flat and long products, continued in June. Most steel producers, worldwide, will go into the traditional summer period – a seasonally slow time of year – with a sense of trepidation that the bottom
- European steel prices slide to pre-war levels
European steel prices slide to pre-war levels23.06.2022European steel coil prices continued their downward slide, in May and early June. Service centres and distributors refrained from buying, fearing further price erosion. Mills sought orders, in the face of reduced demand.
- New Capacity Roundup - May 2022
New Capacity Roundup - May 202231.05.2022Germany’s Elbe-Stahlwerke Feralpi (ESF) has contracted Danieli to construct a new long-product rolling mill at its Riesa facility. The unit contains sixteen rolling stands, a finishing block, and a spooling line
- Global stainless steel output to grow by 4% in 2022
Global stainless steel output to grow by 4% in 202231.05.2022MEPS forecasts that global crude stainless steel production will reach 58.6 million tonnes, this year. The growth is likely to be driven by mills based in China, Indonesia and India.
- Crude steel production drops 5% in April
Crude steel production drops 5% in April27.05.2022Figures from worldsteel show that global crude steel output totalled 162.7 million tonnes in April – down 5.1% compared with the same month in 2021. This is the ninth month in a row to record a year-on-year decrease.
- US steel price scales begin to tip
US steel price scales begin to tip26.05.2022US hot rolled coil prices climbed during March and April, following Russia’s invasion of Ukraine on February 24, 2022. This halted a negative price trend, which had lasted for six months.