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.
- 20.05.2020In the UK, demand is weak, compared with previous expectations, but increased activity was noticeable, in recent weeks. Several service centres continued to operate, throughout the lockdown period, with reduced staff.
- 19.05.2020European buyers of strip mill products are purchasing minimal quantities, at present, due to the Covid-19 pandemic and lockdown measures imposed by the authorities, in individual countries.
- 19.05.2020Germany’s industries are starting to reopen business as normal. As steel buyers return to work, they are revising their purchase quantities, for this year, by postponing and cancelling selected orders.
- 13.05.2020The global coronavirus pandemic has wreaked havoc on the world’s largest steel producing and consuming nations, as monitored by the MEPS World Steel Production & Consumption Outlook.
- 12.05.2020Early indications suggested that 2020 would be a year of modest economic recovery. Activity had been trending downwards since the zenith reached in the spring of 2018.
- 04.05.2020Stainless steel service centres and distributors, in many parts of Europe, reported relatively strong sales during the first three months of 2020.
- 01.05.2020Steel demand in Poland and the Czech Republic is currently showing resilience, despite the existing coronavirus pandemic restrictions.
- 30.04.2020Worldwide crude stainless steel production, in 2019, reached an all-time high total of more than 52.2 million tonnes.
- 29.04.2020US flat product steel prices are on the decline. Although the US steel sector has been regarded as an “essential industry” during the coronavirus pandemic, demand has deteriorated during the past few weeks.
- 28.04.2020Steel trading is temporarily suspended in India and South Africa, due to government measures to contain the spread of coronavirus.
- 27.04.2020The price of oil has plummeted in recent months. This is creating concern, among market participants, that a crash in steel prices similar to the one recorded in 2015 could develop.