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.
- Demand in Poland dictated by coronavirus second wave
Demand in Poland dictated by coronavirus second wave
26.11.2020The economic recovery in Poland continues to stutter. The IHS Markit Poland Manufacturing PMI remained unchanged for October, indicating that growth is lacking momentum. - A tale of two products: as plate struggles, coil surges
A tale of two products: as plate struggles, coil surges
24.11.2020Stark contrasts are currently being witnessed between the markets for steel plate and coil. While the former is grappling with weak consumption and overcapacity, the latter is flourishing amid brisk demand and tight supply. - EU steel buyers prepare for further price increases
EU steel buyers prepare for further price increases
23.11.2020European coil prices continued their meteoric rise, in November. The MEPS Europe Average Hot Rolled Coil transaction value has climbed by more than 25 percent since June of this year. - Rearranging the European deckchairs?
Rearranging the European deckchairs?
20.11.2020The recent acknowledgment by Sweden’s SSAB that it is in advanced discussions with Tata, concerning a possible takeover of part of the latter’s European division - Q3 recovery in steel demand better than expected
Q3 recovery in steel demand better than expected
05.11.2020Many nations witnessed an unprecedented drop in steel demand, in the second quarter of 2020, at the height of the first wave of coronavirus infections. During this time, several individual country PMI readings fell to the lowest levels ever recorded. - Mill profitability improves following difficult 2020
Mill profitability improves following difficult 2020
28.10.2020The world steel industry has been savaged by coronavirus-related economic restrictions, rising raw material costs and weakening steel prices, during 2020. Mills in all regions recorded disastrous financial results. - Is the US steel market in overdrive?
Is the US steel market in overdrive?
27.10.2020“Overcooked”, “excessive”, “too hot” are just a handful of phrases uttered by coil buyers to describe the current market. It is no surprise that steel prices have surged since the summer. - Mixed price trend for Nordic long products in October
Mixed price trend for Nordic long products in October
26.10.2020In Sweden, wire producers report a modest reduction in demand, this year. Activity in the automotive sector is now showing signs of recovery but price increases for wire rod, in October, were tempered by competition between suppliers. - Nordic hot rolled flat consumption recovers slowly
Nordic hot rolled flat consumption recovers slowly
26.10.2020A gradual recovery in consumption is reported, in Denmark, supporting a modest price increase for hot rolled coil, in October. - Brexit quota proposals unsettle UK structural market
Brexit quota proposals unsettle UK structural market
23.10.2020Many EU-based customers are reluctant to commit to orders with UK bar producers, due to concerns about the end of the Brexit transition period and its potential impact on trade legislation. - French opinion divided about future price increases
French opinion divided about future price increases
23.10.2020Hot rolled coil prices increased during October in northern Europe, but French coil buyers are divided about the prospects for further increases.
