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Steel prices are expected to rise – Stainless Espresso

Steel prices are expected to rise – Stainless Espresso

Jul 5, 2023 | Stainless Espresso

5 July 2023 – Steel prices are expected to rise again soon. This is the increasing opinion of analysts. In addition, the Chinese steel province of Tangshan is now imposing production restrictions of 50% to counter air pollution. Competition between high grade,...
Chinese automobile market provides optimism – Stainless Espresso

Chinese automobile market provides optimism – Stainless Espresso

Jul 4, 2023 | Stainless Espresso

4 July 2023 – Chinese automobile market provides optimism. Tesla exceeds expectations. Strong steel demand from Asia, Africa and the Middle East. And SHFE stainless steel stocks down, nickel stock critically low. Source
German DIHK calls for reduction of bureaucracy – Stainless Espresso

German DIHK calls for reduction of bureaucracy – Stainless Espresso

Jul 3, 2023 | Stainless Espresso

3 July 2023 – German Chamber of Industry and Commerce (DIHK) calls for reduction of bureaucracy in Germany and the European Union for the benefit of small and medium-sized enterprises. European Union adds bauxite, alumina, and aluminium to list of strategic raw...
Steel dispute: EU rejects US offer – Stainless Espresso

Steel dispute: EU rejects US offer – Stainless Espresso

Jun 30, 2023 | Stainless Espresso

30 June 2023 – The European Union has rejected the US proposal to settle the steel dispute. Not WTO compliant, sources say. But the problems are far greater. And US Section 232 tariffs softened for India? There could be a nasty duck on the way. Source
LME nickel shows further volatility – Stainless Espresso

LME nickel shows further volatility – Stainless Espresso

Jun 29, 2023 | Stainless Espresso

29 June 2023 – The nickel shows volatile, after the court hearing around the manipulations on the LME. Now comes the multimillion dollar damages? Tesla with record second quarter sales in China, but booming Chinese e-vehicle market continues to eat Tesla’s...
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