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.
- Southern European rebar leads the way thanks to healthy construction demand
Southern European rebar leads the way thanks to healthy construction demand
26.08.2020Rebar transaction values increased by approximately €10 per tonne in southern Europe in August, with the UK experiencing a similar move, as prices rose moderately. - European HRC price increases supported by raw material costs and uncompetitive imports
European HRC price increases supported by raw material costs and uncompetitive imports
26.08.2020Western European hot rolled coil prices increased in August, supported by high raw material costs and uncompetitive import offers. Trading activity is slow, as is traditional during the summer holiday period. - 6 reasons why European steel prices will rise in September
6 reasons why European steel prices will rise in September
25.08.2020Steel buyers are returning from their summer holidays and questioning where steel prices are heading next. - World steel production slumps in H1 2020 in the wake of coronavirus pandemic
World steel production slumps in H1 2020 in the wake of coronavirus pandemic
06.08.2020Steel market fundamentals weakened considerably in the first half of 2020, due to the spread of the coronavirus. A severe slump in steel demand was observed, as lockdown and containment measures were introduced, worldwide. - Global stainless steel production set for 4-year low
Global stainless steel production set for 4-year low
30.07.2020Global crude stainless steel production is predicted to reach an annual total of 47.2 million tonnes, in 2020. Following four consecutive years of growth, this would represent a decrease of almost 10 percent, compared with the year earlier figure. - Coil prices bottom out in Central Europe amid second wave fears
Coil prices bottom out in Central Europe amid second wave fears
29.07.2020Prices for steel coil appear to have reached the bottom of the current cycle, in Poland and the Czech Republic, following the substantial downturn witnessed in the second quarter. Steel mills are proposing hikes, but many buyers are sceptical about the pr - US steel businesses struggle as Covid-19 cases rise
US steel businesses struggle as Covid-19 cases rise
27.07.2020Many US steel businesses are struggling to survive in the current climate. Weak demand and low prices are damaging resale margins and the financial health of the steel market. A number of companies will, inevitably, close permanently, as a result of the f - Turning point reached in Germany as mills attempt to raise prices
Turning point reached in Germany as mills attempt to raise prices
24.07.2020Strip mill product prices appear to have reached their low point, in Germany. Steel producers carried out large capacity cuts in recent months, due to the Covid-19 crisis, and distributors’ sales are increasing, albeit slowly. - Southern European mills target price increases buoyed by unattractive import offers
Southern European mills target price increases buoyed by unattractive import offers
23.07.2020Modest coil price increases were recorded in southern Europe, this month, due to a lack of attractive import quotations and the impact of the revised EC safeguard quotas. Steel market participants are hopeful that the €750 billion Covid-19 recovery packag - Nordic steel prices reach the bottom of the current cycle
Nordic steel prices reach the bottom of the current cycle
22.07.2020Northern European mills’ selling values for strip mill products reached a low point, in late June. Regional producers proposed price increases of €20/30 per tonne, or equivalent, for new business. - UK structural steel demand depressed as rising costs squeeze margins
UK structural steel demand depressed as rising costs squeeze margins
21.07.2020The UK beam market remains depressed, and supply is outweighing demand. Low-priced offers from UK and Spanish-based producers are exerting negative pressure across Western Europe. Buyers, observing the downward trend, are reluctant to purchase material.
