Latest Steel Industry News

• US hot rolled coil prices decline sharply after April peak

  US hot rolled coil prices decline sharply after April peak

  30.05.2023

  The US flat product market, which is historically vulnerable to peaks and troughs, is set for a downward correction after MEPS sources described current prices as “too high”.
• MEPS forecasts 2024 EU stainless steel market recovery

  MEPS forecasts 2024 EU stainless steel market recovery

  26.05.2023

  MEPS senior consultant Kaye Ayub told attendees at this week’s British Stainless Steel Association (BSSA) annual conference to expect a European stainless steel market recovery in 2024.
• Turkish steelmakers hope for rebuild boost

  Turkish steelmakers hope for rebuild boost

  25.05.2023

  Anticipation of an acceleration in Turkey’s post-earthquake rebuilding efforts is growing, ahead of next week’s second round of voting in the country’s presidential elections.
• MEPS shines spotlight on stainless steel price trends

  MEPS shines spotlight on stainless steel price trends

  25.05.2023

  Are stainless steel prices headed into a “downward spiral” amid weak demand and reluctance among buyers who anticipate a cut-price outlook?
• Driving evolution: Chinese exports and EVs shift automotive's steel demands

  Driving evolution: Chinese exports and EVs shift automotive's steel demands

  23.05.2023

  Chinese car manufacturers’ appetite for growth in electric vehicles (EV) and a drive towards net carbon-neutral car production are set to reshape the automotive sector’s demand for steel during 2023 and beyond.
• European steel prices lacking clear signal

  European steel prices lacking clear signal

  22.05.2023

  In advance of the annual Made in Steel trade fair, held in Milan this month, European steel buyers expressed their uncertainty about future prices and, therefore, held back purchases.
• New Capacity Roundup – April 2023

  New Capacity Roundup – April 2023

  28.04.2023

  Here is a selection of the major steelmakers' latest production and capacity investments announced this month.
• Stainless flat prices fall as Q2 outlook deteriorates

  Stainless flat prices fall as Q2 outlook deteriorates

  28.04.2023

  April is traditionally a slow month, in terms of activity, due to holidays in several countries. This year was no different.
• Global steel coil prices peak amid mixed market sentiment

  Global steel coil prices peak amid mixed market sentiment

  27.04.2023

  The MEPS World average hot rolled coil price exceeded US$1000 per tonne, in April, for the first time since the middle of 2022.
• EU mills’ price aspirations unsupported by the market

  EU mills’ price aspirations unsupported by the market

  21.04.2023

  From December last year, European flat product steelmakers successfully implemented regular price rises.
• New Capacity Roundup – March 2023

  New Capacity Roundup – March 2023

  31.03.2023

  Here is a selection of the major steelmakers' latest production and capacity investments announced this month.