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.
- Overcapacity risks ‘race to the bottom’ on steel prices
Overcapacity risks ‘race to the bottom’ on steel prices
06.06.2025Overcapacity will continue to apply downward pressure to global steel prices regardless of stringent US import tariffs, trade defence measures or steelmakers’ production cuts. - Steelmakers’ cuts fail to support North European prices
Steelmakers’ cuts fail to support North European prices
05.06.2025Steelmakers’ production cuts are failing to support sales prices in Northern Europe amid weak demand and plentiful supply, according to insight shared in a new MEPS podcast episode. - New 50% steel import tariff to restart US price rises
New 50% steel import tariff to restart US price rises
04.06.2025President Donald Trump’s doubling of the United States’ Section 232 import tariffs on steel, from 25% to 50%, is expected to restart an upward price trend that reversed in May. - CBAM-prompted imports may deepen oversupply in EU
CBAM-prompted imports may deepen oversupply in EU
29.05.2025Some European stainless steel buyers expect an influx of material into EU ports towards the end of 2025 as importers attempt to avoid the added administrative and cost burden of CBAM. - MEPS’s global steel production and capacity round-up
MEPS’s global steel production and capacity round-up
28.05.2025ArcelorMittal’s decarbonisation investments, closures at Cleveland-Cliffs and plans for stainless steel melting in Turkey all feature in MEPS International’s May global steel production and capacity round-up. - Countries and companies adapt to US steel tariffs
Countries and companies adapt to US steel tariffs
27.05.2025Governments and companies across the world have been forced to adapt their strategies to navigate a higher-tariff environment following reinstatement of the United States’ 25% Section 232 tariffs on steel imports. - EU steelmakers hope for easing of global trade tensions
EU steelmakers hope for easing of global trade tensions
21.05.2025European steelmakers are hopeful that global trade tensions might ease after the United Kingdom became the first nation to negotiate a trade deal with the United States. - TRA reveals proposed caps on UK steel imports
TRA reveals proposed caps on UK steel imports
14.05.2025The United Kingdom’s Trade Remedies Authority (TRA) has recommended the introduction of tariff-rate quota (TRQ) caps to limit individual countries’ dominance of certain steel import categories. - Podcast: Can British Steel succeed in tough UK market?
Podcast: Can British Steel succeed in tough UK market?
12.05.2025UK Steel director general Gareth Stace has told MEPS’s Speaking of Steel podcast that government must create a “competitive business environment” for domestic steelmakers after it stepped in to save British Steel’s Scunthorpe operations. - Will UK exemption begin ‘erosion’ of US steel tariffs?
Will UK exemption begin ‘erosion’ of US steel tariffs?
09.05.2025The United Kingdom’s trade deal with the United States could mark the start of an erosion of Section 232 import tariffs and US steel prices. - Podcast: tariff uncertainty stalls US steel prices
Podcast: tariff uncertainty stalls US steel prices
06.05.2025The United States’ recent surge in steel prices has stalled as many businesses feel “paralysed” by uncertainty about import tariffs, according to MEPS’s new podcast. - South Africa introduces 13% duty on hot rolled steel
South Africa introduces 13% duty on hot rolled steel
02.05.2025The South African government has ended steel importers’ wait for clarity on its steel import safeguard duty on hot rolled coil and plate with the imposition of a 13% rate from May 1.
