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.
- 30.06.2020The recovery in US steel prices, that commenced in early May, came to a halt in recent weeks. Coil basis values struggled to reach the levels desired by the mills, as buyers remained cautious in their purchasing activity.
- 30.06.2020Global crude steel output is estimated at 148.8 million tonnes in May. This represents a decrease of 8.7 percent, year-on-year. The reduction was not as dramatic as the 13.4 percent recorded in April, at the peak of the Covid-19 lockdown measures.
- 30.06.2020Russian domestic long product prices increased, this month. In contrast, local mills conceded discounts for flat products.Demand from the construction industry is recovering, albeit at a slow pace, as coronavirus-related restrictions are lifted.
- 29.06.2020MEPS recorded reductions in the price of steel products in Poland and the Czech Republic, in June.
- 29.06.2020Concern about the lack of new projects is widespread in northern Europe. Most long product distributors reported an improvement in sales activity in June, relative to May, which in turn was better than April. Nonetheless, volumes remain below pre-lockdown
- 29.06.2020Sales volumes surpassed initial predictions, during the lockdown period, according to several UK coil distributors.
- 24.06.2020The coronavirus pandemic wreaked havoc on steel markets and economies around the world, during the first six months of 2020.
- 23.06.2020Customers’ workloads in the country are, only now, beginning to reduce, as a result of the measures taken to combat the coronavirus pandemic.
- 23.06.2020Steel producers in southern Europe are expected to attempt price increases, in the short term.
- 22.06.2020Amended safeguarding measures for the EU steel industry will be applied from July 1, 2020.
- 19.06.2020The mood in the EU steel market, in June, is one of cautious optimism. Demand is beginning to improve, albeit modestly, following the easing of lockdowns and coronavirus restrictions across the continent.