FED: Base metals react positively, new price rally for iron ore? – Stainless Espresso

Nov 2, 2023 | Stainless Espresso

2 November 2023 – Asian base metals have reacted positively to the US Federal Reserve’s interest rate pause. In addition, there are many indications that the Chinese government’s stimulus programmes are having an effect and that there could be a new...

Kazakhstan includes stainless steel scrap in export ban – Stainless Espresso

Nov 1, 2023 | Stainless Espresso

1 November 2023 – Kazakhstan has extended its scrap export ban again and now also includes stainless steel scrap in an export ban. India sees its scrap supply at risk. And what is the nickel doing? Source

US Section 232 Tariffs on steel and aluminum firmly established – Stainless Espresso

Oct 31, 2023 | Stainless Espresso

31 October 2023 – US Section 232 tariffs have once again been upheld as lawful by the US Supreme Court. And earnings figures in the United States come as a positive surprise at the start of the reporting period. Source

Indonesian nickel association warns of tight nickel reserves – Stainless Espresso

Oct 30, 2023 | Stainless Espresso

30 October 2023 – The Indonesian Nickel Miners Association recently warned that the country’s high-grade nickel ore reserves could be exhausted in six years. The buying mood in the United States and the economic development in Japan continue to show...

EU stainless steel scrap – where is the journey heading? – Stainless Espresso

Oct 27, 2023 | Stainless Espresso

27 October 2023 – The EU market for stainless steel scrap has been fiercely competitive for years. While many scrap dealers have to fear for the recently increased scrap prices due to the pressure from the EU mills, the domestic stainless steel producers are...