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.
- EU steel prices expected to rise after Q2 downturn
EU steel prices expected to rise after Q2 downturn
20.07.2020Flat products basis values continued to edge downwards across Europe in late June. Nevertheless, EU mills are keen to implement price rises, citing growing raw material costs and low profit margins. - Stainless steel quota uptake remains high in July
Stainless steel quota uptake remains high in July
13.07.2020Imports of steel products have been subject to European Commission safeguard measures, since their introduction in 2018. During the July 1, 2019 to June 30, 2020 period, stainless hot rolled flat products, largely, had unused volumes available. - EU stainless steel mills fail to pass on raw material cost increases
EU stainless steel mills fail to pass on raw material cost increases
02.07.2020European stainless steel prices continued to fall, despite rises in regional mills’ published alloy surcharges, in June. The majority of distributors and stockists now negotiate deals with the stainless steel producers using an ‘effective price’, rather - European stainless steel sector faces reality of a slow recovery
European stainless steel sector faces reality of a slow recovery
01.07.2020Hopes of a quick recovery, in the European stainless steel market, have faded. Demand remains a concern, even in those countries where successful efforts have been made to control the virus. - US steel price recovery comes to a halt
US steel price recovery comes to a halt
30.06.2020The recovery in US steel prices, that commenced in early May, came to a halt in recent weeks. Coil basis values struggled to reach the levels desired by the mills, as buyers remained cautious in their purchasing activity. - Global steel output declines by 8.7% in May
Global steel output declines by 8.7% in May
30.06.2020Global crude steel output is estimated at 148.8 million tonnes in May. This represents a decrease of 8.7 percent, year-on-year. The reduction was not as dramatic as the 13.4 percent recorded in April, at the peak of the Covid-19 lockdown measures. - Russian long steel prices rise, flats fall
Russian long steel prices rise, flats fall
30.06.2020Russian domestic long product prices increased, this month. In contrast, local mills conceded discounts for flat products.Demand from the construction industry is recovering, albeit at a slow pace, as coronavirus-related restrictions are lifted. - Polish and Czech steel prices continue to decline in June
Polish and Czech steel prices continue to decline in June
29.06.2020MEPS recorded reductions in the price of steel products in Poland and the Czech Republic, in June. - Lack of new construction projects tempers optimism in northern Europe
Lack of new construction projects tempers optimism in northern Europe
29.06.2020Concern about the lack of new projects is widespread in northern Europe. Most long product distributors reported an improvement in sales activity in June, relative to May, which in turn was better than April. Nonetheless, volumes remain below pre-lockdown - UK coil distributors see demand holding steady at reduced levels
UK coil distributors see demand holding steady at reduced levels
29.06.2020Sales volumes surpassed initial predictions, during the lockdown period, according to several UK coil distributors. - Chinese steel market recovery continues, amid global struggles
Chinese steel market recovery continues, amid global struggles
24.06.2020The coronavirus pandemic wreaked havoc on steel markets and economies around the world, during the first six months of 2020.
