Latest Steel Industry News

• New Capacity Roundup – July 2023

  New Capacity Roundup – July 2023

  31.07.2023

  Here is a selection of the major steelmakers' latest production and capacity investments announced this month.
• Stainless steel mills push for price rises

  Stainless steel mills push for price rises

  31.07.2023

  Market conditions in the global stainless steel sector remain uncertain as the second half of 2023 begins.
• Construction’s faltering fortunes stall steel sales 

  Construction’s faltering fortunes stall steel sales 

  24.07.2023

  Forecasts suggest the trend of reduced residential construction activity in major global economies is set to continue – contributing to a downturn in steel demand that is affecting prices.
• EU steel mills change approach to attract new orders

  EU steel mills change approach to attract new orders

  19.07.2023

  European steel prices continued their downward trend this month amid poor demand across most steel-using sectors. The number of transactions is small.
• Developing nations critical of ‘protectionist’ EU CBAM

  Developing nations critical of ‘protectionist’ EU CBAM

  18.07.2023

  Governments and industry bodies branded the EU CBAM as “protectionist” and “coercive” in their responses to the European Commission’s consultation on its implementation.
• New pipeline returns water to ArcelorMittal Kryvyi Rih 

  New pipeline returns water to ArcelorMittal Kryvyi Rih 

  14.07.2023

  An emergency construction programme has succeeded in returning water supplies to the ArcelorMittal Kryvyi Rih steel mill affected by Ukraine’s Kakhovka dam breach. 
• Raw materials volatility puts price stability in doubt  

  Raw materials volatility puts price stability in doubt  

  10.07.2023

  Declining raw material values have continued uncertainty about stainless steel prices following MEPS International’s recent forecast that the market had yet to bottom.
• Steelmakers ‘in the dark’ over UK decarbonisation plan

  Steelmakers ‘in the dark’ over UK decarbonisation plan

  05.07.2023

  Fears that the steel industry remains “in the dark” about the UK’s decarbonisation strategy have been voiced days after steelworkers marched to the Houses of Parliament to raise concerns about the sector’s future.
• Are European stainless flat prices about to bottom?

  Are European stainless flat prices about to bottom?

  29.06.2023

  As the summer holiday months start in Europe, market participants believe that stainless steel prices are approaching the bottom of the current cycle.
• New Capacity Roundup – June 2023

  New Capacity Roundup – June 2023

  29.06.2023

  Here is a selection of the major steelmakers' latest production and capacity investments announced this month.
• EU safeguarding measures to reshape steel imports mix

  EU safeguarding measures to reshape steel imports mix

  28.06.2023

  The European Commission has confirmed the terms of its steel import safeguarding measures for the 12 months to June 30, 2024.