Tag: MEPS
Stainless steel production forecast at 60mt in 2023
MEPS forecasts that global crude stainless steel production will reach 60 million tonnes, in 2023. Significant contributors to this growth will be steelmakers in...
Stainless production to reach 58 million tonnes in 2022
MEPS estimates that world stainless steel output climbed by a double-digit percentage, year-on-year, in 2021. The increase was driven by expansions in Indonesia and...
MEPS: global demand to grow steadily
MEPS International has stated that higher nickel costs in August helped US and Asian mills to lift market values. World stainless steel prices slip
According to MEPS, the stainless steel market appears to be at a crossroads, with raw material costs, end-user demand and the aims of the producers all having their separate influences.
Signs of recovery for stainless market
According to Meps a recovery in the stainless steel sector is underway.
Stainless demand still weak
According to Meps orders on the stainless mills continue to fall despite massive production cuts. Suppliers of raw materials - nickel, chromium, molybdenum and scrap - have all reduced their selling prices in an effort to stimulate the market but to no avail.