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.
- Steel import tariffs and CO2 border taxes: protectionism or encouragement?
Steel import tariffs and CO2 border taxes: protectionism or encouragement?
07.12.2020Since late 2019, the European Commission has been considering the introduction of a CO2 border tax, covering all industrial sectors. At first glance, this has the appearance of another protectionist measure - Vaccine news boosts European stainless steel market
Vaccine news boosts European stainless steel market
02.12.2020As we head into the final few weeks of 2020 the European stainless steel market is turning its attention to what the new year will bring. The second round of coronavirus-related lockdowns and increased restrictions are starting to be lifted again - Fears of supply shortage grow in US stainless market
Fears of supply shortage grow in US stainless market
30.11.2020The short-term outlook for the US stainless steel sector is cautiously optimistic. Many market participants reported a flurry of activity ahead of the Thanksgiving holidays. - US steel prices - the sky’s the limit?
US steel prices - the sky’s the limit?
27.11.2020US buyers are taking a break from the current dizzying surge in steel prices, but as they tuck into their Thanksgiving meals, many will be wondering what awaits them on their return to the negotiating table. - Demand in Poland dictated by coronavirus second wave
Demand in Poland dictated by coronavirus second wave
26.11.2020The economic recovery in Poland continues to stutter. The IHS Markit Poland Manufacturing PMI remained unchanged for October, indicating that growth is lacking momentum. - A tale of two products: as plate struggles, coil surges
A tale of two products: as plate struggles, coil surges
24.11.2020Stark contrasts are currently being witnessed between the markets for steel plate and coil. While the former is grappling with weak consumption and overcapacity, the latter is flourishing amid brisk demand and tight supply. - EU steel buyers prepare for further price increases
EU steel buyers prepare for further price increases
23.11.2020European coil prices continued their meteoric rise, in November. The MEPS Europe Average Hot Rolled Coil transaction value has climbed by more than 25 percent since June of this year. - Rearranging the European deckchairs?
Rearranging the European deckchairs?
20.11.2020The recent acknowledgment by Sweden’s SSAB that it is in advanced discussions with Tata, concerning a possible takeover of part of the latter’s European division - Q3 recovery in steel demand better than expected
Q3 recovery in steel demand better than expected
05.11.2020Many nations witnessed an unprecedented drop in steel demand, in the second quarter of 2020, at the height of the first wave of coronavirus infections. During this time, several individual country PMI readings fell to the lowest levels ever recorded. - Mill profitability improves following difficult 2020
Mill profitability improves following difficult 2020
28.10.2020The world steel industry has been savaged by coronavirus-related economic restrictions, rising raw material costs and weakening steel prices, during 2020. Mills in all regions recorded disastrous financial results. - Is the US steel market in overdrive?
Is the US steel market in overdrive?
27.10.2020“Overcooked”, “excessive”, “too hot” are just a handful of phrases uttered by coil buyers to describe the current market. It is no surprise that steel prices have surged since the summer.
