SHFE nickel futures up again – Stainless Espresso

Jan 12, 2024 | Stainless Espresso

12 January 2024 – Rising nickel prices and a stable development in stainless steel in Asia have filled manufacturers’ order books well. Market sources also report a significant increase in demand from the United States and Europe. Source

Scrap protectionism: Russia extends ferrous scrap export quotas – Stainless Espresso

Jan 11, 2024 | Stainless Espresso

January 11, 2024 – Russia has extended its scrap export restrictions and the corresponding quotas until mid-2024. Increasing demand for stainless steel scrap in China. And Mexico’s economy is benefiting greatly from US nearshoring activities. Source

Red Sea: Are shipping lines shamelessly exploiting the situation? – Stainless Espresso

Jan 10, 2024 | Stainless Espresso

10 January 2024 – Now that freight rates from India have jumped by up to 400%, even for routes that do not touch the Red Sea, the question arises as to whether shipping lines are shamelessly exploiting the situation. Is this threatening them with a political and...

Big Short’s next move? Australia’s battle against China’s nickel giants

Jan 9, 2024 | Stainless Espresso

9 January 2024 – Australia’s nickel industry is stumbling and has already identified a culprit: Xiang Guangda, also known as “Big Short”, the owner of Tsingshan Holdings. Necessary clean-up at the steel trading giants? Thyssenkrupp and Klöckner...

Europe’s stainless steel market 2024: An optimistic start! – Stainless Espresso

Jan 8, 2024 | Stainless Espresso

8 January 2024 – The European stainless steel market has started 2024 with an optimistic outlook and sees a great deal of pent-up demand coming from the domestic industry. Local steel manufacturers are being overwhelmed by a flood of imports from China, while at...