Market News

  • Uncertainties Plague EU Steel Market – MEPS

    • Strip mill product basis prices began to stabilise in southern Europe, in April, whilst small downward corrections were noted in the north. Overall demand, in the region, is subdued. Sentiment is poor – badly affected by the ongoing reduction in orders from the automotive sector. Moreover, in many countries, concern exists about Brexit, especially if […]

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  • Further World Stainless Steel Production Records Forecast

    • Worldwide crude stainless-steel production, in 2018, reached an all-time high total of more than 50.7 million tonnes. This represents an increase of 5.5 percent, compared with the year earlier figure. MEPS predicts that global output will grow by approximately 4 percent, in 2019, to achieve a new record high mark of around 52.7 million tonnes. […]

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  • Section 232 Creates Boom and Bust in US Steel Prices

    • While US steel selling values continue to be amongst the highest in the world, domestic steelmakers have lost a large part of the pricing gains they secured in late 2017/early 2018. It is widely accepted that US steel producers capitalised initially, on the speculation, and then the implementation of strong import protection measures, in March, […]

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  • British Steel gets £100m government loan to pay carbon bill

    • British Steel has secured a £100m loan from the government to pay its EU carbon bill, a source close to the company has said. The money means the private equity-owned firm will avoid a steep EU fine. The firm said earlier this month it needed the funds to settle its 2018 pollution bill due at […]

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  • Ambitious Crossrail Project Leans On Steel To Boost UK Transport Networks

    • Deep below London a network of tunnels that links both new-build and renovated station infrastructure could mark a sea change for transport in the UK’s capital city and beyond Crossrail’s ambitious work to develop the new railway – to be called the Elizabeth line – represents the largest current infrastructure project in Europe. Fully integrated […]

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  • MEPS Steel Price Forecasts to 2023

    • The MEPS Global average all products composite steel price increased, in 2018, by 16 percent, year-on-year. Firm economic conditions and steel demand growth supported the upturn in selling figures. Nonetheless, the cyclical recovery in the global steel market appears to be reaching its zenith, after hitting its low point in late 2015, early 2016. Indicators […]

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  • World Crude Steel Production Up 2.6%

    • The world produced 151.7Mt of crude steel during the month of August 2018, up 2.6%, according to figures released by the World Steel Association (worldsteel). China’s crude steel production was up 2.7% from last August at 80.3Mt, while the Indians produced 8.8Mt, up 3.7% on August 2017. In Japan, production of crude steel reached 8.8Mt, […]

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  • China Reduces Steel Tariffs

    • A report in the Washington Examiner claims that China’s finance ministry plans to reduce import tariffs on steel. The plan is to reduce steel tariffs from 11.5% to 8.4%. However, it is likely that US tariffs against Chinese steel will rise from 10% to 25% before the year end. US President Donald Trump believes that […]

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