Indian stainless steel giant in trouble again? – Stainless Espresso

Oct 20, 2023 | Stainless Espresso

20 October 2023 – Indian stainless steel group Jindal seems to be thinking aloud about ending its stainless steel production in Indonesia after recent business figures that fell well short of expectations. And scrap demand in Taiwan is up more than 34%...

EC to use CBAM CO2 taxes to pay off debts? – Stainless Espresso

Oct 19, 2023 | Stainless Espresso

19 October 2023 – According to plans of the European Commission and the European Economic and Social Committee, the revenues from the CO2 tax CBAM and the trading of ETS certificates are to be used for the interest and debt repayment of the 800 billion Euro...

Scrap in short supply, iron ore in high demand – Stainless Espresso

Oct 18, 2023 | Stainless Espresso

18 October 2023 – With steel scrap hard to come by in China, steelmakers are scrambling for iron ore. Chinese iron ore stocks have now fallen to their lowest level in 7 years despite high imports. Worldsteel expects demand for steel to continue to grow by up to...

UAE scrap export ban extended until December 2023 – Stainless Espresso

Oct 17, 2023 | Stainless Espresso

16 October 2023 – According to media reports, the UAE has extended the existing export ban on steel and stainless steel scrap until at least December 2023. This is an important indication of the importance of waste in the stainless steel production chain....

Commodity imports to China remain buoyant – Stainless Espresso

Oct 16, 2023 | Stainless Espresso

16 October 2023 – China’s commodity imports remain buoyant in September. Iron ore imports over 100 million tonnes for second month in a row. Support from infrastructure projects. And German carmakers significantly increase exports of e-vehicles and...