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.
- 27.05.2020In Brazil, prices of coil and plate are relatively steady, amid reduced purchasing from distributors and depressed end-user consumption.
- 26.05.2020US steel producers increased their list prices, in the past few days. This follows an initial announcement, in late April/early May, when domestic mills attempted to draw a line in the sand to halt the recent freefall in steel selling values.
- 26.05.2020World crude steel production is estimated to fallen by 13.0 percent, year-on-year, to 131.1 million tonnes in April, according to a recent release by the World Steel Association (worldsteel).
- 22.05.2020Spanish society is slowly adapting to the relaxation of some anti-coronavirus measures. Many steel distributors are back at work, selling mainly to industrial clients rather than the auto sector.
- 21.05.2020Long steel product mills, in Spain and Italy, have resumed operations but demand, in their home markets, is poor. Consequently, as they seek new markets, selling values are expected to fall, in northern Europe.
- 20.05.2020Purchasing activity remained at a high level, in northern Europe, into April. However, a decline has been observed, in recent weeks.
- 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.