The UK steel industry finds itself at a critical juncture, precipitated by Tata Steel's recent announcement of its plan to shut down its blast furnaces at its Port Talbot plant by the end of the year and transition to Electric Arc Furnaces (EAFs). This move, backed by a £500 million investment by the UK Government, is expected to reduce carbon emissions by 85% and the UK’s overall emissions by around 1.5%. Whilst the Read More

As 2023 draws to a close, the European steel industry is once again navigating a complex blend of market forces and strategic challenges. Offer prices from both Europe and beyond have seen prices increase by more than £50 per tonne. This is despite the 5% shift we have seen in the GBP/USD exchange rate, meaning that prices from outside Europe have increased by more than this.  Analysts project that this upward price Read More

As we enter the Autumn months, the steel industry finds itself navigating through another period of uncertainty.  The market has witnessed price reductions, following the record high levels reached in the last two years. There is a substantial influx of higher-priced stock arriving in the UK, from outside of Europe.  This scenario has been further complicated by a decrease in demand, across most sectors - including the Read More