The global demand for steel remains subdued.  Despite efforts to stimulate growth in  China we have not seen the resurgence in demand that many had hoped for. This has led mills in the region to turn their attention elsewhere, broadening their market focus in an attempt to find alternative revenue streams. In response to these global market shifts, major European mills like Thyssenkrupp have already begun to reduce capacity. Read More

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 movement is Read More