Latest Steel News
Below you will find MEPS Steel 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.
- South African steel market demonstrates resilience02.07.2021Despite several headwinds, the South African steel market has shown remarkable resilience during these challenging times.
- US hot rolled coil prices surpass US$1700/st01.07.2021US steel prices continue to climb, with those for hot rolled coil now exceeding US$1700 per short ton. This unprecedented level is matched by strong activity in most end-user sectors. The upward momentum in prices is expected to persist, in the near term.
- EU stainless buyers scrambling to secure tonnages for 202230.06.2021European coil and sheet transaction values continued to rise in June. Further increases are already on the horizon for July.
- Buyers question the need for continued trade protection28.06.2021Steel buyers in many countries are becoming increasingly frustrated at the lack of material available in their local markets and the obstructions to obtaining foreign supply.
- How did steel prices reach record highs during a global pandemic?22.06.2021In the past twelve months, the MEPS Europe hot rolled coil price has increased by more than €700 per tonne. How did this unprecedented situation transpire?
- Shortages continue to drive up EU stainless steel prices02.06.2021Limited availability continues to propel European stainless steel prices on an upward trajectory. The MEPS published European average transaction value, for 304 cold rolled coil, increased by approximately €140 per tonne, in May.
- All-time high forecast for global crude stainless steel production in 202128.05.2021After the production slump recorded last year, global crude stainless steel output is predicted to rebound strongly, to 55 million tonnes, in 2021. This is an increase of more than 8 percent from the figure recorded in 2020.
- EU long product prices surge as financial problems grow20.05.2021Prices for European long products gradually started to rise, in late April. The increases accelerated during the first half of May. This trend is set to continue until the summer.