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.
- HRC supply risk remains after UK import rules extension
HRC supply risk remains after UK import rules extension
02.07.2024A two-year extension of the UK’s import safeguard measures has not addressed the nation’s need for increased steel resulting from the closure of Tata Steel’s blast furnaces at Port Talbot. - EU import cap will add to East Asia’s oversupply issues
EU import cap will add to East Asia’s oversupply issues
01.07.2024New volume caps on hot rolled coil imports into Europe will place unwanted constraints on the export aspirations of Japanese, Taiwanese and Vietnamese steelmakers. - The MEPS global steel production and capacity round-up
The MEPS global steel production and capacity round-up
28.06.2024Major European steel mill sales and acquisitions, strike action and new capacity developments in the US and Asia all feature in MEPS International’s June global production and capacity round-up. - Confirmed: EU’s ‘other countries’ HRC imports cap
Confirmed: EU’s ‘other countries’ HRC imports cap
25.06.2024The European Commission has confirmed its implementation of a 15% cap on individual countries’ use of the EU import safeguard measures’ “other countries” quarterly quota for hot rolled coil. - EU to protect automotive sector with Chinese EV tariffs
EU to protect automotive sector with Chinese EV tariffs
12.06.2024The European Commission’s imposition of import duties of up to 48.1% on Chinese-built electric vehicles (EV) could help to protect long-term steel demand from the EU’s automotive sector. - Proposed EU steel import quotas change market dynamics
Proposed EU steel import quotas change market dynamics
11.06.2024Steel price rises and a search for new suppliers have already begun following the European Commission’s announcement of proposed changes to its import safeguard measures. - Steel industry boost from ECB rate cuts will take time
Steel industry boost from ECB rate cuts will take time
06.06.2024The European Central Bank’s first interest rate cut will do little to revive the region’s subdued steel industry in the near term, MEPS analysts suggest. - Italy’s steel plate price puts margins under pressure
Italy’s steel plate price puts margins under pressure
06.06.2024Hot rolled plate prices in Italy are likely to have reached the bottom of the current cycle as production costs continue to apply pressure to steelmakers’ margins. - US steel demand supported by construction’s resilience
US steel demand supported by construction’s resilience
05.06.2024The United States construction sector continues to drive steel demand despite the challenges posed by an evolving supply chain and increased costs resulting from elevated interest rates. - Improving prospects for UK steel beam market
Improving prospects for UK steel beam market
04.06.2024Political and economic developments in the United Kingdom may prove to be the catalyst for improvements in the steel beam market during the second half of 2024. - US stainless prices set for June increase
US stainless prices set for June increase
31.05.2024US transaction values will rise in June in line with published alloy surcharges, following recent increases in raw material costs.
