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.
- Stainless steel prices shaken by LME nickel turmoil
Stainless steel prices shaken by LME nickel turmoil
30.03.2022Stainless steel market participants were left in uncharted territory when the Russian-Ukraine conflict caused exceptional volatility and the ensuing suspension of nickel trading on the London Metal Exchange, earlier this month. - Chinese steel prices buck the global trend
Chinese steel prices buck the global trend
28.03.2022European steel transaction values are soaring, during the military conflict in Ukraine. The recent downward trend in the US steel market has been reversed. However, Chinese prices are stagnating, despite rising raw material costs. - War returns to Europe – How will it affect steel demand?
War returns to Europe – How will it affect steel demand?
24.03.2022In the second part of this series, we analysed the effects of the Russia-Ukraine war on steel feedstock and energy costs in Western Europe. In part three, we examine the implications for steel demand and the economy. - UK & US agree way forward on steel tariffs
UK & US agree way forward on steel tariffs
23.03.2022Following several rounds of talks, the United States has agreed to ease tariffs on steel and aluminium imports from the United Kingdom. - Global steel output falls in February
Global steel output falls in February
23.03.2022In February, monthly global crude steel output declined by 5.7%, year-on-year, to 142.7 million tonnes. This figure is also 14.1 million tonnes below the reported output for January 2022. - War returns to Europe - How will it affect steel feedstock?
War returns to Europe - How will it affect steel feedstock?
23.03.2022In the first part of this series, we analysed the effects of the Russia-Ukraine war on steel supply in Western Europe. In part two, we examine the implications for steel feedstock and energy costs. - War returns to Europe - How will it affect steel supply?
War returns to Europe - How will it affect steel supply?
22.03.2022In this series of articles, MEPS analyses the effects of the Russia-Ukraine war on the steel market in Western Europe. In part one, we examine the implications for steel supply. - Steel prices surge as war in Europe disrupts supply chains
Steel prices surge as war in Europe disrupts supply chains
21.03.2022Prior to Russia’s invasion, EU steel producers were attempting to lift prices due to high costs, particularly for energy, but the success of the initiative was mixed. - EU outlaws Russian steel
EU outlaws Russian steel
15.03.2022As part of its fourth package of sanctions against Russia, published on Friday, the European Commission confirmed that it has prohibited imports of key iron and steel goods from Russia into the EU. - War returns to Europe – What does it mean for steel buyers?
War returns to Europe – What does it mean for steel buyers?
09.03.2022After weeks of escalating political tensions, Ukrainian fears of a Russian invasion came to fruition on 24 February 2022. European steel markets are rattled, as the repercussions of the war begin to spread across the globe. - Nickel prices soar amid market panic
Nickel prices soar amid market panic
08.03.2022LME nickel prices closed at more than US$42,000 per tonne on Monday. The following morning, values briefly soared above US$100,000 before dropping, during a frenzied early morning session.
