Category: Steel Price News

Nordic market opinion divided over revised steel safeguarding measures

Amended safeguarding measures for the EU steel industry will be applied from July 1, 2020. These include new, country-specific quotas for hot rolled coil imports, and quarterly management of quota tonnages…

MMK and SMS Group Managed to Implement Targeted Commissioning Despite Extremely Difficult Conditions

In 2018, Magnitogorsk Iron & Steel Works (MMK), Russia, has awarded an order to SMS group covering the extensive modernization of the finishing mill mechanical equipment and the fundamental revamp…

Global Stainless Steel Market Faces Protracted Recovery from Covid-19

Stainless steel purchasing activity remained at a fairly high level during the first quarter of 2020, as customers continued work on ongoing projects, or took delivery of material from existing…

Brazilian Flat Product Prices Stabilise, while Mexican Values Fall

In Brazil, prices of coil and plate are relatively steady, amid reduced purchasing from distributors and depressed end-user consumption. A number of observers express concern regarding the government’s handling of…

US Steelmakers Announce Second Round of Price Hikes, But Will They Stick?

US 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…

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