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.
- New Capacity Roundup - December 2021
New Capacity Roundup - December 2021
23.12.2021Here is a selection of the major steelmakers' latest production and capacity investments announced this month. The revamp of ArcelorMittal’s Fos-sur-Mer flat product mill will soon commence. - Stainless steel sector to remain bullish in 2022
Stainless steel sector to remain bullish in 2022
23.12.20212021 has been an exceptional year for the global stainless steel industry. Most companies, throughout the supply chain, will post very strong financial results for the period. - Global steel prices forecast to remain elevated in 2022
Global steel prices forecast to remain elevated in 2022
21.12.2021Steel market participants are becoming increasingly cautious in their purchasing requirements. The forward view on global prices is, gradually, turning more negative, particularly for coil products. - Year-end uncertainties curb European buying activity
Year-end uncertainties curb European buying activity
15.12.2021At the start of December, steel service centres and distributors were struggling to establish the market direction. Mills’ official prices remained elevated, but stock levels rose as steel consumption reduced. - Global steel production forecast at record high in 2022
Global steel production forecast at record high in 2022
14.12.2021MEPS has lowered its annual crude steel production forecast to 1,940 million tonnes, for 2021. Nevertheless, this figure is a new peak for global steelmaking, and represents year-on-year growth of 3.4 percent. - Indonesia drives global stainless steel output growth
Indonesia drives global stainless steel output growth
01.12.2021MEPS has upgraded its global crude stainless steel production forecast to 56.8 million tonnes, in 2021. A slowdown in Chinese output is being offset by stronger-than-expected activity in the rest of the world, particularly in Indonesia. - New Capacity Roundup - November 2021
New Capacity Roundup - November 2021
30.11.2021Here is a selection of the major steelmakers' latest production and capacity investments announced this month. - EU stainless CR coil prices climb as supply tightens
EU stainless CR coil prices climb as supply tightens
30.11.2021Stainless steel market participants remain cautiously optimistic regarding demand in 2022. This is despite a steady, month-on-month, slowdown in activity since the end of the summer period. - EU & US cut a narrow path through Trump's trade wall
EU & US cut a narrow path through Trump's trade wall
25.11.2021Authorities in the United States and the European Union recently pledged to end their long-running trade dispute over steel and aluminium. - Italian steel coil prices expected to rise
Italian steel coil prices expected to rise
23.11.2021Autumn is typically the time of year when the weather turns cooler, and the leaves fall off the trees. The “winds of change” may also be sweeping through the Italian flat product steel market, this month. - European steel prices recover but demand wanes
European steel prices recover but demand wanes
18.11.2021European steel prices recovered slightly in recent weeks, having declined further in October. Inflated energy costs strengthened producers’ resolve to halt the downward trend.
