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.
- Reduced global steel trade fuels upward price momentum
Reduced global steel trade fuels upward price momentum
26.04.2021Traditional global steel trade patterns were severely disrupted over the past twelve months. The Covid-19 pandemic reduced demand and production in most nations. - Demand for structural steel set to rebound
Demand for structural steel set to rebound
22.04.2021European long product transaction values have remained relatively stable, following the initial recovery at the start of this year. The market is, however, closely linked to Turkish scrap imports and fluctuations in the price for this commodity. - European flat product prices reach new peaks
European flat product prices reach new peaks
20.04.2021European hot rolled coil and sheet values reached new heights, during early April. Further increases are already being pushed through and quotations from regional suppliers now have extremely short validity. - Import scarcity intensifies EU stainless steel shortage
Import scarcity intensifies EU stainless steel shortage
06.04.2021The shortage of stainless steel coil and sheet in Europe has renewed market discussion surrounding the European Commission’s (EC’s) safeguard quotas. - Polish steel demand remains bullish
Polish steel demand remains bullish
01.04.2021In Poland, demand for steel sheet and coil remains strong. Material shortages and extended mill delivery times continue to be a challenge for buyers. - US coil prices continue to soar
US coil prices continue to soar
31.03.2021US coil prices continued their upward climb, in recent weeks. Hot rolled coil basis values have surpassed the US$1300 per short ton mark and are set to increase further. - Regional stainless steel flat product prices reach multi-year highs
Regional stainless steel flat product prices reach multi-year highs
30.03.2021Global stainless steel prices continued to strengthen in early March, most notably for 300 series coil and sheet. The upward trend is supported by healthy demand, severe material shortages, and extended delivery lead times for replacement tonnages. - Rising Chinese prices drive global steel values upwards
Rising Chinese prices drive global steel values upwards
25.03.2021The global steel sector was in a state of reflection, in the first half of February. Supply chain participants were looking to the Chinese market and developments in the post-Lunar New Year holidays for direction. - Nordic flat product prices continue to rise
Nordic flat product prices continue to rise
25.03.2021Northern European flat product prices continued to rise, throughout March, amid tight supply. This is preventing customers from building inventory. Value-added coil and sheet are particularly difficult to source. - European steel coil prices forecast to reach record levels
European steel coil prices forecast to reach record levels
22.03.2021Tight supply is expected to propel sheet and coil prices, in Europe, to all-time high figures, in the near term. The recovery in the Chinese steel market, following the Lunar New Year holidays, was stronger than anticipated. - European coil market constrained by shortages
European coil market constrained by shortages
19.03.2021European hot rolled coil prices are approaching record high levels, in both the north and the south of the continent. The MEPS regional average transaction value, for March, stands at €753 per tonne.
