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.
- War returns to Europe – What does it mean for steel buyers?
War returns to Europe – What does it mean for steel buyers?
09.03.2022After weeks of escalating political tensions, Ukrainian fears of a Russian invasion came to fruition on 24 February 2022. European steel markets are rattled, as the repercussions of the war begin to spread across the globe. - Nickel prices soar amid market panic
Nickel prices soar amid market panic
08.03.2022LME nickel prices closed at more than US$42,000 per tonne on Monday. The following morning, values briefly soared above US$100,000 before dropping, during a frenzied early morning session. - US stainless steel prices rise as ATI seeks Section 232 exemption
US stainless steel prices rise as ATI seeks Section 232 exemption
04.03.2022US 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 2022
28.02.2022Here 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 2022
28.02.2022MEPS 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 products
24.02.2022Stark 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 market
23.02.2022Iron 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 Olympics
18.02.2022Beijing 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 factors
17.02.2022Competitive 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 erosion
17.02.2022European 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 virus
01.02.2022Steel-producing nations have recovered from the slump in production caused by the Covid-19 pandemic – with two major exceptions.
