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.
- New Capacity Roundup - May 2022
New Capacity Roundup - May 2022
31.05.2022Germany’s Elbe-Stahlwerke Feralpi (ESF) has contracted Danieli to construct a new long-product rolling mill at its Riesa facility. The unit contains sixteen rolling stands, a finishing block, and a spooling line - Global stainless steel output to grow by 4% in 2022
Global stainless steel output to grow by 4% in 2022
31.05.2022MEPS forecasts that global crude stainless steel production will reach 58.6 million tonnes, this year. The growth is likely to be driven by mills based in China, Indonesia and India. - Crude steel production drops 5% in April
Crude steel production drops 5% in April
27.05.2022Figures from worldsteel show that global crude steel output totalled 162.7 million tonnes in April – down 5.1% compared with the same month in 2021. This is the ninth month in a row to record a year-on-year decrease. - US steel price scales begin to tip
US steel price scales begin to tip
26.05.2022US hot rolled coil prices climbed during March and April, following Russia’s invasion of Ukraine on February 24, 2022. This halted a negative price trend, which had lasted for six months. - European steel prices falter as demand eases
European steel prices falter as demand eases
20.05.2022The rapid escalation of European steel prices, caused by Russia’s invasion of Ukraine, faltered during late April and early May. Stocks throughout the supply chain were full, as a consequence of the initial panic-buying. - EU cold heading steel prices rise for Q2 business
EU cold heading steel prices rise for Q2 business
05.05.2022European buyers of cold heading quality (CHQ) rod must pay significantly more for their material, in the second quarter. - Stainless steel prices in Asia reach multi-year highs
Stainless steel prices in Asia reach multi-year highs
04.05.2022The MEPS Asia average prices for grade 304 hot and cold rolled coil, in April, stand at their highest levels since August 2008. The rate of increases has accelerated, in recent months, predominantly driven by rising nickel costs. - Global steel output continues to slide in March
Global steel output continues to slide in March
03.05.2022The first quarter of 2022 was a difficult time for global crude steel production. Output totalled 456.6 million tonnes – a drop of 6.8% from the same period in 2021, according to the latest figures from the World Steel Association. - New Capacity Roundup - April 2022
New Capacity Roundup - April 2022
29.04.2022ArcelorMittal has announced that it is investing €300 million on the construction of a new electrical steel unit at its Mardyck site, in northern France. - EU stainless buyers shun the mills’ “base plus” pricing, as alloy surcharges hit record highs
EU stainless buyers shun the mills’ “base plus” pricing, as alloy surcharges hit record highs
29.04.2022European alloy surcharges for austenitic stainless steel increased significantly, in April. A flurry of end-user purchasing activity and the pulling forward of consignment stocks were noted, prior to their release in March, in anticipation of the hike - Slowdown in global automotive sector drags on steel prices
Slowdown in global automotive sector drags on steel prices
27.04.2022The global semiconductor shortage continues to curtail production at automakers around the world. New and ongoing Covid-related lockdowns in China are inhibiting already strained supply chains.
