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.
- World stainless steel production forecast to rise by 11% in 2021
World stainless steel production forecast to rise by 11% in 2021
31.08.2021MEPS has upgraded its global crude stainless steel production forecast to 56.5 million tonnes, for 2021. This represents an 11 percent increase, year-on-year. - US hot rolled coil prices head towards $2000/st
US hot rolled coil prices head towards $2000/st
26.08.2021US steel prices continue to escalate to new record highs. The pace of the increases, however, appears to be slowing. This could simply be due to a summer lull in activity, or it may be a sign that prices are nearing their peak. Nevertheless, most supply - North American rebar prices stabilise, outlook uncertain
North American rebar prices stabilise, outlook uncertain
24.08.2021The North American reinforcing bar market appears to be at a crossroads, this month. Following a successful mill pricing initiative for other long products, US and Canadian buyers speculated that an equivalent rise, for rebar, was likely to be proposed. - Danish steel buyers expect improved activity in the autumn
Danish steel buyers expect improved activity in the autumn
23.08.2021Few price movements were reported in the Danish steel market, this month. A seasonal lull in purchasing had been widely expected. - European steel buyers catch their breath
European steel buyers catch their breath
20.08.2021One year ago, European steel producers grasped the commercial initiative. Production cuts, forced by the coronavirus pandemic, limited availability. - Mills likely to lift CHQ rod prices for Q4 business
Mills likely to lift CHQ rod prices for Q4 business
17.08.2021Tight supply is expected to persist in the European cold heading steel market, in the post-holiday period. The recent escalation in regional wire rod values, came to an end in August. - New Capacity Roundup - August
New Capacity Roundup - August
02.08.2021Here is a rundown of the major steelmakers' latest production and capacity investments announced this month. - Shortages continue to disrupt US stainless steel market
Shortages continue to disrupt US stainless steel market
30.07.2021Inventory levels across the US stainless steel sector are extraordinarily low. While steel usage rebounded quickly following the pandemic-induced slump - Steel price differentials between East and West soar to record highs
Steel price differentials between East and West soar to record highs
27.07.2021The gap in steel prices between Eastern and Western countries has reached an all-time high. The pace of growth in US transaction values appears to be slowing - Flat products demand remains healthy in France, as prices stabilise
Flat products demand remains healthy in France, as prices stabilise
20.07.2021Activity remains at a good level, in the French steel market. Signs of a slowdown were noted towards the second half of June. - Protectionist measures support European steel prices despite summer lull
Protectionist measures support European steel prices despite summer lull
19.07.2021European flat product price rises stalled, at the start of this month. MEPS’ European average coil transaction values registered only single-digit euro increases, in July.
