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 stainless steel prices rise as ATI seeks Section 232 exemption
US stainless steel prices rise as ATI seeks Section 232 exemption04.03.2022US stainless steel producers raised their March alloy surcharges for austenitic stainless steels. The North American Stainless 304 flat product surcharge increased to US$1.3067 per pound – an eleven-year high.
- New Capacity Roundup - February 2022
New Capacity Roundup - February 202228.02.2022Here is a selection of the major steelmakers' latest production and capacity investments announced this month.
- Stainless production to reach 58 million tonnes in 2022
Stainless production to reach 58 million tonnes in 202228.02.2022MEPS estimates that world stainless steel output climbed by a double-digit percentage, year-on-year, in 2021. Global growth is expected to be three percent, in 2022.
- Canadian flats and longs: a tale of two products
Canadian flats and longs: a tale of two products24.02.2022Stark contrasts are currently being witnessed between the markets for flat and long steel products, in Canada. While prices for the former are collapsing, those for the latter are holding firm.
- Iron ore traders return to volatile market
Iron ore traders return to volatile market23.02.2022Iron ore markets started 2022 in a buoyant mood. Prices climbed above US$150 per tonne, in early February. They subsequently slipped, amid the Chinese authorities’ initiatives to discourage speculative trading.
- Asian steel market forecast to strengthen post Olympics
Asian steel market forecast to strengthen post Olympics18.02.2022Beijing has been at the centre of the sporting world as the Olympians donned their national colours during a two-week festival of winter sports.
- European plate demand positive but threatened by external factors
European plate demand positive but threatened by external factors17.02.2022Competitive resale values for hot rolled plate were noted in Germany, in early February, as several distributors sought to offload expensive purchases made in the middle of last year.
- EU market sentiment turns positive after price erosion
EU market sentiment turns positive after price erosion17.02.2022European coil transaction values eroded slightly, in the second part of last month. Ample stock through the supply chain gave buyers time to consider proposed price hikes, and not react in panic.
- Global crude steel output recovers from virus
Global crude steel output recovers from virus01.02.2022Steel-producing nations have recovered from the slump in production caused by the Covid-19 pandemic – with two major exceptions.
- Stainless buyers cautious amid nickel price volatility
Stainless buyers cautious amid nickel price volatility31.01.2022Recent nickel price volatility is making European stainless steel market participants nervous – especially at a time when many fear that a price reversal is on the horizon.
- New Capacity Roundup - January 2022
New Capacity Roundup - January 202231.01.2022Here is a selection of the major steelmakers' latest production and capacity investments announced this month.