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Is another wave of pent-up demand about to hit the steel market?

Is another wave of pent-up demand about to hit the steel market? After a slow start to January, worldwide mill offer prices rose significantly in just a few weeks. Lead times from European mills extend into April and beyond, with order books for this quarter now full.  The short-term availability of stock is therefore limited if you require material quickly. This situation is exacerbated by the fact that lead times from Read More

2022 Steel Industry Review

Back in December last year, I described 2021 as having been ‘eventful.’ The same language can be used to describe the events of 2022 - albeit for different reasons. The word ‘eventful’ probably doesn't go nearly far enough….   At the beginning of this year, the word that perhaps most in our minds was a new one - Omicron.  The Omicron variant of covid-19 posed a very real risk of further Read More

When we see a return to some steel price stability? December 2022 Steel Director's Briefing

When, if ever, will we see a return to some steel price stability?  This is the question that many buyers would like answered as this period of incredible price volatility continues.After an unprecedented period of price increases, where new price highs were reached, we have seen prices quickly fall back to pre-pandemic and pre-Ukraine war levels.
Rapidly increasing energy costs and increases in steel production Read More

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