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.
- 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. - Global stainless steel production set for 4-year low
Global stainless steel production set for 4-year low
30.07.2020Global crude stainless steel production is predicted to reach an annual total of 47.2 million tonnes, in 2020. Following four consecutive years of growth, this would represent a decrease of almost 10 percent, compared with the year earlier figure. - Coil prices bottom out in Central Europe amid second wave fears
Coil prices bottom out in Central Europe amid second wave fears
29.07.2020Prices for steel coil appear to have reached the bottom of the current cycle, in Poland and the Czech Republic, following the substantial downturn witnessed in the second quarter. Steel mills are proposing hikes, but many buyers are sceptical about the pr - US steel businesses struggle as Covid-19 cases rise
US steel businesses struggle as Covid-19 cases rise
27.07.2020Many US steel businesses are struggling to survive in the current climate. Weak demand and low prices are damaging resale margins and the financial health of the steel market. A number of companies will, inevitably, close permanently, as a result of the f - Turning point reached in Germany as mills attempt to raise prices
Turning point reached in Germany as mills attempt to raise prices
24.07.2020Strip mill product prices appear to have reached their low point, in Germany. Steel producers carried out large capacity cuts in recent months, due to the Covid-19 crisis, and distributors’ sales are increasing, albeit slowly.
