Latest Steel News
Below you will find MEPS Steel 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.
- Rising Chinese prices drive global steel values upwards25.03.2021The 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 rise25.03.2021Northern 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 levels22.03.2021Tight 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.
- EU stainless steel buyers query March alloy surcharges04.03.2021Uncertainty currently surrounds European stainless steel alloy surcharges. Many buyers are questioning if the method of calculation used by the mills has changed.
- US stainless steel prices forecast to reach 9-year high03.03.2021The past twelve months was a turbulent time for all those involved in the US stainless steel market. In a dramatic turnaround, the unprecedented pandemic-induced slump in steel requirements was superseded by strong demand, stock shortages and soaring
- Global stainless output falls for first time in 5 years02.03.2021Global crude stainless steel production decreased to approximately 50.7 million tonnes in 2020 – down almost 3 percent, year-on-year. This reduction is lower than initially expected at the onset of the coronavirus pandemic.
- Carmakers forced to cut production due to global chip shortage01.03.2021The global car industry is showing signs of a strong recovery, after coming to a standstill when the coronavirus pandemic took hold, early last year.
- Central European buyers adopt ‘wait and see’ positions23.02.2021The steel markets in Poland and the Czech Republic are under review, as buyers assess the current dynamics in supply and demand. The mills, both locally and globally, are processing a substantial backlog of orders.
- As China takes a break, what is next for the global steel market?16.02.2021Steel trading in China may have fallen silent ahead of the Lunar New Year festivities, but it is the global steel market that is taking a breather following a turbulent 12 months.