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.
- Global steel production forecast at record high in 2022
Global steel production forecast at record high in 2022
14.12.2021MEPS has lowered its annual crude steel production forecast to 1,940 million tonnes, for 2021. Nevertheless, this figure is a new peak for global steelmaking, and represents year-on-year growth of 3.4 percent. - Indonesia drives global stainless steel output growth
Indonesia drives global stainless steel output growth
01.12.2021MEPS has upgraded its global crude stainless steel production forecast to 56.8 million tonnes, in 2021. A slowdown in Chinese output is being offset by stronger-than-expected activity in the rest of the world, particularly in Indonesia. - New Capacity Roundup - November 2021
New Capacity Roundup - November 2021
30.11.2021Here is a selection of the major steelmakers' latest production and capacity investments announced this month. - EU stainless CR coil prices climb as supply tightens
EU stainless CR coil prices climb as supply tightens
30.11.2021Stainless steel market participants remain cautiously optimistic regarding demand in 2022. This is despite a steady, month-on-month, slowdown in activity since the end of the summer period. - EU & US cut a narrow path through Trump's trade wall
EU & US cut a narrow path through Trump's trade wall
25.11.2021Authorities in the United States and the European Union recently pledged to end their long-running trade dispute over steel and aluminium. - Italian steel coil prices expected to rise
Italian steel coil prices expected to rise
23.11.2021Autumn is typically the time of year when the weather turns cooler, and the leaves fall off the trees. The “winds of change” may also be sweeping through the Italian flat product steel market, this month. - European steel prices recover but demand wanes
European steel prices recover but demand wanes
18.11.2021European steel prices recovered slightly in recent weeks, having declined further in October. Inflated energy costs strengthened producers’ resolve to halt the downward trend. - Charity Football Match
Charity Football Match
15.11.2021MEPS International is located to the west of Sheffield city centre, a stone’s throw from Sheffield Children’s hospital. We recently had the honour of sponsoring a charity football match at Sheffield FC, the world’s oldest football club. - 3 reasons Indian steel buyers should pay attention to coal prices
3 reasons Indian steel buyers should pay attention to coal prices
10.11.2021China is in the midst of a well-documented coal shortage. Reduced output in the key mining region of Shanxi is being exacerbated by a de facto ban on imports from Australia. - EU stainless steel buyers concerned about tight supply
EU stainless steel buyers concerned about tight supply
04.11.2021Scarcity of material and high prices will remain key features of the European stainless steel market, in the last few months of 2021. - New Capacity Roundup - October 2021
New Capacity Roundup - October 2021
04.11.2021ArcelorMittal has announced that it will invest €1.1 billion adding a new direct reduced iron plant with two electric arc furnaces to its Gent facility. The recently refurbished blast furnace B will remain in service...
