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 to make EAF shift after British Steel plan approval
UK to make EAF shift after British Steel plan approval
02.05.2024Imports and scrap prices will have a growing influence on the United Kingdom’s steel industry following confirmation of a wholesale shift to electric arc furnace-based (EAF) production. - MEPS’s global steel production and capacity round-up
MEPS’s global steel production and capacity round-up
01.05.2024Europe’s antidumping measures on Chinese steel, the electrification of UK steelmaking and global stainless steel production data all feature in MEPS's latest global production and capacity round-up. - US stainless steel prices continue to rise
US stainless steel prices continue to rise
30.04.2024Outokumpu’s United States operation in Calvert attempted to raise its base price by notifying customers of a two percentage point cut to its discount level, this month. - European stainless supply chain disruption intensifies
European stainless supply chain disruption intensifies
30.04.2024Stainless steel supply disruptions in Europe are expected to persist for the remainder of the second quarter before abating in the summer months. - Trade defence focus grows as Chinese steel exports rise
Trade defence focus grows as Chinese steel exports rise
29.04.2024Forecasts that China’s domestic steel demand is unlikely to increase in the medium term have highlighted concerns that its growing exports will continue to apply downward pressure to global steel prices. - Steel price initiatives faltered at Wire & Tube 2024
Steel price initiatives faltered at Wire & Tube 2024
29.04.2024European steel manufacturers met opposition to their attempts to reverse the current downward price trend at the Dusseldorf Wire and Tube Fair. - Proposed US tariffs' minimal effect on Chinese imports
Proposed US tariffs' minimal effect on Chinese imports
24.04.2024United States President Joe Biden's proposed tripling of the current 7.5% Section 301 tariff on Chinese steel will have a minimal effect, MEPS analysis shows. - EU steel industry faces supply and demand challenges
EU steel industry faces supply and demand challenges
22.04.2024Balancing supply and demand will continue to prove a challenge for Europe’s steel industry despite forecasts that 2024 could mark the start of a turnaround. - Russian nickel ban an ‘upward driver’ of LME prices
Russian nickel ban an ‘upward driver’ of LME prices
19.04.2024The US and UK governments have implemented sanctions that will ban imports of nickel produced in Russia – more than two years after the start of the Russia-Ukraine war. - MEPS to forge new relationships at Wire and Tube 2024
MEPS to forge new relationships at Wire and Tube 2024
11.04.2024MEPS International representatives will be discussing the latest steel price insight with attendees at the Wire and Tube Trade Fair 2024, in Dusseldorf. - Turkey restricts steel exports until Israeli ceasefire
Turkey restricts steel exports until Israeli ceasefire
09.04.2024The Turkish Government’s Ministry of Trade has announced that steel exports to Israel will be restricted until the country commits to a ceasefire in Gaza.
