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.
- UK beam/merchant bar prices rise by £15/20 per tonne
UK beam/merchant bar prices rise by £15/20 per tonne
21.09.2020In the UK, beam mills recently collected the outstanding £15 per tonne from their initial tabled price rise. A further increase is proposed. Local buyers hold mixed views regarding whether the second hike can be implemented. - Stock shortages developing in the European steel market
Stock shortages developing in the European steel market
21.09.2020European steel market participants implemented inventory reduction plans during the recent coronavirus pandemic. Many distributors were selling old stock to improve cash flow. - Polish steel demand improves
Polish steel demand improves
01.09.2020Polish steel demand is improving, following the coronavirus-related slowdown witnessed during the second quarter of this year. - US steel market shows signs of a turnaround
US steel market shows signs of a turnaround
01.09.2020US steel buyers resisted recent mill price increases, during most of August. Flat product basis values bottomed out in the middle of the month. - Long product prices start to edge upwards in the Netherlands
Long product prices start to edge upwards in the Netherlands
28.08.2020In the Netherlands, variety in pricing for long products is identified, especially for medium sections and beams. - Stainless steel markets in ‘wait and see’ mode as September approaches
Stainless steel markets in ‘wait and see’ mode as September approaches
28.08.2020Stainless steel markets are cautiously optimistic regarding demand in the remainder of 2020. A steady, month-on-month, increase in activity has been witnessed, following the easing of lockdown restrictions, in many countries. - Flat steel producers raise Nordic prices as increased raw material costs bite
Flat steel producers raise Nordic prices as increased raw material costs bite
27.08.2020In late July, major European flat product mills announced significant price rises, in an attempt to recover increased raw material input costs. Steel supply is tightening. - Southern European rebar leads the way thanks to healthy construction demand
Southern European rebar leads the way thanks to healthy construction demand
26.08.2020Rebar transaction values increased by approximately €10 per tonne in southern Europe in August, with the UK experiencing a similar move, as prices rose moderately. - European HRC price increases supported by raw material costs and uncompetitive imports
European HRC price increases supported by raw material costs and uncompetitive imports
26.08.2020Western European hot rolled coil prices increased in August, supported by high raw material costs and uncompetitive import offers. Trading activity is slow, as is traditional during the summer holiday period. - 6 reasons why European steel prices will rise in September
6 reasons why European steel prices will rise in September
25.08.2020Steel buyers are returning from their summer holidays and questioning where steel prices are heading next. - World steel production slumps in H1 2020 in the wake of coronavirus pandemic
World steel production slumps in H1 2020 in the wake of coronavirus pandemic
06.08.2020Steel market fundamentals weakened considerably in the first half of 2020, due to the spread of the coronavirus. A severe slump in steel demand was observed, as lockdown and containment measures were introduced, worldwide.
