Latest Steel Industry News
Below you will find MEPS Steel Industry 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.
- Soaring inflation weighs heavily on Czech steel market
Soaring inflation weighs heavily on Czech steel market
28.06.2022The 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 market
27.06.2022Global 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 fortunes
24.06.2022The 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 levels
23.06.2022European 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 2022
31.05.2022Germany’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 2022
31.05.2022MEPS 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 April
27.05.2022Figures 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 tip
26.05.2022US 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. - European steel prices falter as demand eases
European steel prices falter as demand eases
20.05.2022The rapid escalation of European steel prices, caused by Russia’s invasion of Ukraine, faltered during late April and early May. Stocks throughout the supply chain were full, as a consequence of the initial panic-buying. - EU cold heading steel prices rise for Q2 business
EU cold heading steel prices rise for Q2 business
05.05.2022European buyers of cold heading quality (CHQ) rod must pay significantly more for their material, in the second quarter. - Stainless steel prices in Asia reach multi-year highs
Stainless steel prices in Asia reach multi-year highs
04.05.2022The MEPS Asia average prices for grade 304 hot and cold rolled coil, in April, stand at their highest levels since August 2008. The rate of increases has accelerated, in recent months, predominantly driven by rising nickel costs.
