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.
- 14.10.2020The increasing dominance of stainless steel production by the Asian continent is not going unnoticed by the European mills. Low production costs and local raw material resources have attracted investments in new facilities in several Asian countries
- 01.10.2020The Department for International Trade, led by The Rt Hon Liz Truss MP, has released guidance for the safeguard measures to be applied on imports of steel products into the United Kingdom, following the conclusion of the Brexit transition period
- 01.10.2020US stainless steel producers have raised October alloy surcharges for austenitic stainless steels. The North American Stainless 304 flat product surcharge increased to US$0.6802/lb – up 9.2 percent, month-on-month.
- 29.09.2020Steel demand in Poland has bounced back from the lows of the past couple of months. Most segments in the steel market are experiencing an improvement in demand.
- 28.09.2020US steel prices are on a bull run. Following April’s crash, and May/June’s false start, domestic steel producers currently have the bit between their teeth as they look to lift coil prices ever higher.
- 24.09.2020Steel prices increased worldwide in September, but buyers are questioning how long the uptrend will last. The rising cost of raw materials, reduced supply and an improvement in demand are the main drivers for the recent advances in global steel prices.
- 24.09.2020Coil basis values strengthened rapidly across Europe this month. The upward trend is expected to be maintained, in the near term. The producers’ price hikes are being driven by supply restrictions from both local and overseas sources.
- 22.09.2020Suppliers of hot rolled coil in Norway secured substantial price hikes, in September. These upward movements were supported by limited production rather than by growing consumption.
- 22.09.2020Modest, scrap-based price rises were implemented by rebar producers in Western European countries, this month. Consumption by the construction industry remains relatively healthy. Nevertheless, a lack of large-volume transactions is noted and concerns
- 21.09.2020In the UK, beam mills recently collected the outstanding £15 per tonne from their initial tabled price rise. A further increase is proposed. Local buyers hold mixed views regarding whether the second hike can be implemented.
- 21.09.2020European steel market participants implemented inventory reduction plans during the recent coronavirus pandemic. Many distributors were selling old stock to improve cash flow.