South African scrap export ban to be extended? – Stainless Espresso

Nov 22, 2023 | Stainless Espresso

22 November 2023 – The South African DTIC, which is responsible for the scrap export ban that currently runs until December 2023, appears to have been asked by several parties to extend it further. This has been strongly criticised by the umbrella organisation...

China’s aluminum sector: Rising demand meets energy shortage – Stainless Espresso

Nov 21, 2023 | Stainless Espresso

21 November 2023 – Aluminum demand in China continues to rise steadily. Green technologies, energy and electric driving are the main drivers of the recovery in aluminum demand. But can demand even be met when the first energy shortages are already here? And...

Steel and aluminum: 12th sanctions package against Russia – Stainless Espresso

Nov 20, 2023 | Stainless Espresso

20 November 2023 – The EU is negotiating new sanctions against Russia. The 12th package will now also include diamonds and probably also Russian aluminum. At the same time, forces in the EU are trying to negotiate exemptions for Russian steel. While the European...

US and China move closer again, EU once again lags behind – Stainless Espresso

Nov 17, 2023 | Stainless Espresso

17 November 2023 – The United States and China are drawing closer again following bilateral talks on the sidelines of the Asia-Pacific Economic Community (Apec) summit in San Francisco. And Chinese industrial production continues to grow in October. Especially...

CBAM: More than 10 billion euros damage to EU industry per year? – Stainless Espresso

Nov 16, 2023 | Stainless Espresso

16 November 2023 – A huge total economic loss of more than 10 billion euros per year is likely to be incurred by EU industry due to incorrect assumptions made by the European Commission when developing the CO2 border adjustment tax CBAM. And the US steel...