Prices for SHFE base metals pick up – Stainless Espresso 

Jul 13, 2023 | Stainless Espresso

13 July 2023 – The prices for base metals, such as nickel, aluminum or zinc, have increased today on the SHFE by up to 2.7%. Other major commodity futures are also moving up again. SHFE plans warehouses outside China? G10 countries with unemployment rates down...

Global scrap supply to tight for future steelmaking – Stainless Espresso

Jul 12, 2023 | Stainless Espresso

12 July 2023 – Global scrap availability is expected to deteriorate significantly in the near term after more and more Asian steelmakers announced plans to increase scrap quotas. And in the United States, prices are rising for HRC, CRC and HDG.  Source

Are US steel tariffs for Mexico coming back now? – Stainless Espresso 

Jul 10, 2023 | Stainless Espresso

10 July 2023 – After a strong increase in steel and aluminium imports, the US government has voiced criticism towards Mexico and also brought up the possibility of reintroducing punitive tariffs. The US unemployment figures have fallen again. And the Chinese...

EU steel industry is leading the way to Net-Zero? – Stainless Espresso

Jul 7, 2023 | Stainless Espresso

7 July 2023 – Is the EU steel industry really leading the way to Net-Zero? Or is this just another false flag operation? And the demand to Berlin: less kowtowing to the steel hammer and more daring of the Mittelstand (SMEs)! Source

Asian nickel prices rise sharply – Stainless Espresso 

Jul 6, 2023 | Stainless Espresso

6 July 2023 – Nickel prices in Asia rose significantly today. Some are up more than 4.7%. Market participants expect support for the stainless steel market. And in the United States, car sales continue to pick up.  Source