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.
- Prices under negative pressure despite mill list hikes
Prices under negative pressure despite mill list hikes
25.10.2022October was expected to be a crucial month in determining the short-term direction of global steel prices. In Europe and North America, the mills’ efforts to reverse the negative trend are being strongly opposed by buyers. - Mill capacity cuts fail to deliver price aspirations
Mill capacity cuts fail to deliver price aspirations
19.10.2022In early September, European steelmakers were promoting significant price increases, to protect margins against soaring energy costs. This effort was supported by blast furnace shutdowns and other capacity cuts. - Asian stainless prices rise on supply concerns
Asian stainless prices rise on supply concerns
30.09.2022Global stainless steel demand remained weak throughout the summer period. However, market sentiment in Asia has become more optimistic following the return to work after the Mid-Autumn Festival holidays, earlier this month. - New Capacity Roundup - September 2022
New Capacity Roundup - September 2022
30.09.2022Here is a selection of the major steelmakers' latest production and capacity investments announced this month. - No respite for steel output downturn in August
No respite for steel output downturn in August
28.09.2022In August, global crude steel production fell by 3%, year-on-year, to 150.6 million tonnes, according to the latest monthly statistics published by the World Steel Association. - The steel industry during the Queen’s 70-year reign
The steel industry during the Queen’s 70-year reign
26.09.2022When Queen Elizabeth II ascended the throne in 1952, global crude steel production stood at 212 million tonnes. By the end of her reign, in 2022, it had climbed to 1.9 billion tonnes – a dramatic increase of 800 percent. - European steel buyers seek direction in volatile market
European steel buyers seek direction in volatile market
21.09.2022Demand for steel is slow to recover, after the summer break. Mill production costs continue to increase. Steel purchasers are uncertain about the future direction of the market. - The Death of Her Majesty Queen Elizabeth II
The Death of Her Majesty Queen Elizabeth II
08.09.2022The MEPS family is deeply saddened by the passing of Her Majesty The Queen. - Global stainless output forecast to rise 1% this year
Global stainless output forecast to rise 1% this year
31.08.2022The risk of a global recession starting in the second half of 2022 is heightened. - New Capacity Roundup - August 2022
New Capacity Roundup - August 2022
30.08.2022Here is a selection of the major steelmakers' latest production and capacity investments announced this month. - Largest fall in crude steel production in over a decade
Largest fall in crude steel production in over a decade
26.08.2022The decline in global crude steel production continues. Output fell to 149.3 million tonnes in July – 6.5% lower than in the same month in 2021.
