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.
- Take it to the limit
Take it to the limit
18.05.2021Credit limits and financing within the steel industry are becoming the major topic of the day, even ahead of material availability. - South African market reels from steel shortages
South African market reels from steel shortages
04.05.2021South Africa has not been spared the global trend of steel shortages created by the coronavirus pandemic. Over the past year, supply chain interruptions were compounded by the quick and necessary national lockdown restrictions. - US steel coil prices regain upward momentum
US steel coil prices regain upward momentum
30.04.2021US coil prices continue their rapid ascent, after earlier indications that they were losing upward momentum. Domestic hot rolled coil prices now exceed US$1400 per short ton. - US stainless steel shortages expected to continue
US stainless steel shortages expected to continue
29.04.2021The pandemic-induced imbalance between supply and demand, for stainless steel flat products, in the United States, will intensify over the next few months. - Reduced global steel trade fuels upward price momentum
Reduced global steel trade fuels upward price momentum
26.04.2021Traditional global steel trade patterns were severely disrupted over the past twelve months. The Covid-19 pandemic reduced demand and production in most nations. - Demand for structural steel set to rebound
Demand for structural steel set to rebound
22.04.2021European long product transaction values have remained relatively stable, following the initial recovery at the start of this year. The market is, however, closely linked to Turkish scrap imports and fluctuations in the price for this commodity. - European flat product prices reach new peaks
European flat product prices reach new peaks
20.04.2021European hot rolled coil and sheet values reached new heights, during early April. Further increases are already being pushed through and quotations from regional suppliers now have extremely short validity. - Import scarcity intensifies EU stainless steel shortage
Import scarcity intensifies EU stainless steel shortage
06.04.2021The shortage of stainless steel coil and sheet in Europe has renewed market discussion surrounding the European Commission’s (EC’s) safeguard quotas. - Polish steel demand remains bullish
Polish steel demand remains bullish
01.04.2021In Poland, demand for steel sheet and coil remains strong. Material shortages and extended mill delivery times continue to be a challenge for buyers. - US coil prices continue to soar
US coil prices continue to soar
31.03.2021US coil prices continued their upward climb, in recent weeks. Hot rolled coil basis values have surpassed the US$1300 per short ton mark and are set to increase further. - Regional stainless steel flat product prices reach multi-year highs
Regional stainless steel flat product prices reach multi-year highs
30.03.2021Global stainless steel prices continued to strengthen in early March, most notably for 300 series coil and sheet. The upward trend is supported by healthy demand, severe material shortages, and extended delivery lead times for replacement tonnages.
