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.
- Asian stainless mills withdraw offers as nickel surges23.12.2020Global stainless steelmakers are scrambling to adjust their pricing levels, due to rapidly escalating nickel costs.
- 22.12.2020US prices for flat products are changing rapidly, almost on a daily basis. Aggressive pricing policies are being adopted by the steel producers. This is creating very challenging times for steel buyers.
- 22.12.2020The Polish steel market is still suffering from severe shortages. Spot buying is limited for quarter one, 2021. This is expected to continue into the second trimester.
- 21.12.2020Iron ore prices are soaring. Values reached approximately US$160 per tonne by the middle of December. This level was last recorded in early 2013. Demand growth, particularly in China, is driving the increase in the cost of the raw material.
- 18.12.2020Road transport, via ferries or through the Channel Tunnel, provides a vital link in the steel distribution chain between Great Britain and the rest of Europe.
- 16.12.2020European steelmakers continue to raise their prices for new transactions on almost a daily basis. Buyers complain of offers being made by suppliers and withdrawn soon afterwards. Mills are maintaining their pricing discipline.
- 10.12.2020With the end-of-year deadline for a trade agreement between the EU and the UK fast approaching, steel buyers are questioning the effect of Brexit on steel prices in Britain. The impact, so far, is very little.
- 07.12.2020Since late 2019, the European Commission has been considering the introduction of a CO2 border tax, covering all industrial sectors. At first glance, this has the appearance of another protectionist measure
- 02.12.2020As we head into the final few weeks of 2020 the European stainless steel market is turning its attention to what the new year will bring. The second round of coronavirus-related lockdowns and increased restrictions are starting to be lifted again
- 30.11.2020The short-term outlook for the US stainless steel sector is cautiously optimistic. Many market participants reported a flurry of activity ahead of the Thanksgiving holidays.
- 27.11.2020US buyers are taking a break from the current dizzying surge in steel prices, but as they tuck into their Thanksgiving meals, many will be wondering what awaits them on their return to the negotiating table.
- 26.11.2020The economic recovery in Poland continues to stutter. The IHS Markit Poland Manufacturing PMI remained unchanged for October, indicating that growth is lacking momentum.