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.
- Canadian steel industry rebounds in 2021
Canadian steel industry rebounds in 2021
03.11.2021Canada’s steel industry, which was adversely affected by both the coronavirus pandemic and low oil and gas prices in 2020, is recovering strongly. Steel consumption by the energy, construction and mining sectors has rebounded substantially this year. - Asian stainless steel prices reach ten-year high
Asian stainless steel prices reach ten-year high
28.10.2021The MEPS Asian average grade 304 hot and cold rolled coil prices, in October, stand at their highest levels since September 2011. Cold rolled coil transaction values have increased by more than 50 percent, in China, in the past twelve months. In Japan, fl - Lack of semiconductors short-circuits global HRC prices
Lack of semiconductors short-circuits global HRC prices
26.10.2021The MEPS world average hot rolled coil price declined by 3.6 percent, month-on-month, in October, after reaching an all-time high figure in September. This brought to an end a fourteen-month price rally. - CHQ rod supply and demand reduce in Asia and Europe
CHQ rod supply and demand reduce in Asia and Europe
25.10.2021The global supply of fasteners continues to be hampered by production and transport problems, both in Asia and Europe. MEPS understands that delivery lead times for cold heading quality rod (CHQ), from Asian and European suppliers, remain extended. - EU coil prices decline as buyers hold back
EU coil prices decline as buyers hold back
21.10.2021Strong import competition, subdued purchasing activity and weak demand from the automotive sector have contributed to price erosion in the European flat products market. Downward pressure is greater on hot rolled coil values than on those for cold rolled - New price surcharges blur carbon steel market picture
New price surcharges blur carbon steel market picture
20.10.2021European commodity carbon steel prices continued to fall, into early October. Reduced iron ore and scrap costs were translated into decreased transaction values. However, a recovery in the raw materials market slowed the downward momentum and prices for s - Outlook for API line pipe market starts to improve
Outlook for API line pipe market starts to improve
04.10.2021The global oil and gas sector continues to recover from the effects of the coronavirus pandemic. Daily oil prices have been on an upward trend since mid-August. In recent days, expectations of tight supply pushed Brent Crude prices above US$80 per barrel - New Capacity Roundup - September 2021
New Capacity Roundup - September 2021
30.09.2021Here is a selection of the major steelmakers' latest production and capacity investments announced this month in Europe, Asia and North America - European stainless steel market falters in September
European stainless steel market falters in September
30.09.2021Stainless steel buying activity, in Europe, was weaker than anticipated, in September. Many market participants commented that their sales volumes, this month, were reasonable, but below those in the pre-summer months. - Coking coal values surge, as iron ore prices collapse
Coking coal values surge, as iron ore prices collapse
27.09.2021Steelmaking raw material costs are in an extremely turbulent period. The year-long surge in iron ore values recently came to an end. By the middle of September, prices for Chinese imported fines had plummeted by more than fifty percent, when compared with - Cold heading steel market stabilises in Europe
Cold heading steel market stabilises in Europe
24.09.2021Extended mill delivery lead times continue to support European cold heading quality (CHQ) rod prices. This is despite a recent reduction in raw material expenditure, notably for iron ore and ferrous scrap.
