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.
- Production cuts likely as stainless mills seek to bolster prices
Production cuts likely as stainless mills seek to bolster prices
31.05.2023Measures to reduce stainless steel production are expected to become more commonplace as producers try to mitigate against price erosion, amid weak demand. - New Capacity Roundup – May 2023
New Capacity Roundup – May 2023
31.05.2023Here is a selection of the major steelmakers' latest production and capacity investments announced this month. - US hot rolled coil prices decline sharply after April peak
US hot rolled coil prices decline sharply after April peak
30.05.2023The US flat product market, which is historically vulnerable to peaks and troughs, is set for a downward correction after MEPS sources described current prices as “too high”. - MEPS forecasts 2024 EU stainless steel market recovery
MEPS forecasts 2024 EU stainless steel market recovery
26.05.2023MEPS senior consultant Kaye Ayub told attendees at this week’s British Stainless Steel Association (BSSA) annual conference to expect a European stainless steel market recovery in 2024. - Turkish steelmakers hope for rebuild boost
Turkish steelmakers hope for rebuild boost
25.05.2023Anticipation of an acceleration in Turkey’s post-earthquake rebuilding efforts is growing, ahead of next week’s second round of voting in the country’s presidential elections. - MEPS shines spotlight on stainless steel price trends
MEPS shines spotlight on stainless steel price trends
25.05.2023Are stainless steel prices headed into a “downward spiral” amid weak demand and reluctance among buyers who anticipate a cut-price outlook? - Driving evolution: Chinese exports and EVs shift automotive's steel demands
Driving evolution: Chinese exports and EVs shift automotive's steel demands
23.05.2023Chinese car manufacturers’ appetite for growth in electric vehicles (EV) and a drive towards net carbon-neutral car production are set to reshape the automotive sector’s demand for steel during 2023 and beyond. - European steel prices lacking clear signal
European steel prices lacking clear signal
22.05.2023In advance of the annual Made in Steel trade fair, held in Milan this month, European steel buyers expressed their uncertainty about future prices and, therefore, held back purchases. - New Capacity Roundup – April 2023
New Capacity Roundup – April 2023
28.04.2023Here is a selection of the major steelmakers' latest production and capacity investments announced this month. - Stainless flat prices fall as Q2 outlook deteriorates
Stainless flat prices fall as Q2 outlook deteriorates
28.04.2023April is traditionally a slow month, in terms of activity, due to holidays in several countries. This year was no different. - Global steel coil prices peak amid mixed market sentiment
Global steel coil prices peak amid mixed market sentiment
27.04.2023The MEPS World average hot rolled coil price exceeded US$1000 per tonne, in April, for the first time since the middle of 2022.
