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.
- US Steelmakers Announce Second Round of Price Hikes, But Will They Stick?
US Steelmakers Announce Second Round of Price Hikes, But Will They Stick?
26.05.2020US steel producers increased their list prices, in the past few days. This follows an initial announcement, in late April/early May, when domestic mills attempted to draw a line in the sand to halt the recent freefall in steel selling values. - World Crude Steel Production Slumps by 13% in April
World Crude Steel Production Slumps by 13% in April
26.05.2020World crude steel production is estimated to fallen by 13.0 percent, year-on-year, to 131.1 million tonnes in April, according to a recent release by the World Steel Association (worldsteel). - Southern European Prices Fall as Lockdown Eases
Southern European Prices Fall as Lockdown Eases
22.05.2020Spanish society is slowly adapting to the relaxation of some anti-coronavirus measures. Many steel distributors are back at work, selling mainly to industrial clients rather than the auto sector. - Northern European Longs Prices Under Pressure as Southern Mills Resume Production
Northern European Longs Prices Under Pressure as Southern Mills Resume Production
21.05.2020Long steel product mills, in Spain and Italy, have resumed operations but demand, in their home markets, is poor. Consequently, as they seek new markets, selling values are expected to fall, in northern Europe. - Nordic Flat Steel Demand Weakens as EC Mulls Quota Cuts
Nordic Flat Steel Demand Weakens as EC Mulls Quota Cuts
20.05.2020Purchasing activity remained at a high level, in northern Europe, into April. However, a decline has been observed, in recent weeks. - Activity Returns to the UK Steel Market
Activity Returns to the UK Steel Market
20.05.2020In the UK, demand is weak, compared with previous expectations, but increased activity was noticeable, in recent weeks. Several service centres continued to operate, throughout the lockdown period, with reduced staff. - European Prices Decline Amid Limited Transactions
European Prices Decline Amid Limited Transactions
19.05.2020European buyers of strip mill products are purchasing minimal quantities, at present, due to the Covid-19 pandemic and lockdown measures imposed by the authorities, in individual countries. - German Steel Buyers Revise Their Purchase Volumes
German Steel Buyers Revise Their Purchase Volumes
19.05.2020Germany’s industries are starting to reopen business as normal. As steel buyers return to work, they are revising their purchase quantities, for this year, by postponing and cancelling selected orders. - PMIs Hit Record Lows, as Steel Demand Declines
PMIs Hit Record Lows, as Steel Demand Declines
13.05.2020The global coronavirus pandemic has wreaked havoc on the world’s largest steel producing and consuming nations, as monitored by the MEPS World Steel Production & Consumption Outlook. - How Will Coronavirus Pandemic Affect Global Steel Production in 2020 & 2021?
How Will Coronavirus Pandemic Affect Global Steel Production in 2020 & 2021?
12.05.2020Early indications suggested that 2020 would be a year of modest economic recovery. Activity had been trending downwards since the zenith reached in the spring of 2018. - Stainless Steel Market Adapting to Coronavirus Restrictions
Stainless Steel Market Adapting to Coronavirus Restrictions
04.05.2020Stainless steel service centres and distributors, in many parts of Europe, reported relatively strong sales during the first three months of 2020.
