China’s economy continues to stabilise in September – Stainless Espresso

Oct 3, 2023 | Stainless Espresso

3 October 2023 – The Chinese economy continued to stabilise in September 2023. This is shown by the latest PMI data for the manufacturing and service sectors in China. Aluminium stocks continued to fall due to stable and growing demand from China. Source

EU CBAM transition phase gets off to a more than jerky start – Stainless Espresso

Oct 2, 2023 | Stainless Espresso

2 October 2023 – The EU Carbon Border Tax CBAM launched on 1 October is already proving to be unfinished at the start. Not even all competent authorities in the member states have been determined. German authorities clueless about CBAM? Positive: And the US ISM...

EU sanctions against Russian steel imports from 30 September 2023 – Stainless Espresso

Sep 29, 2023 | Stainless Espresso

29 September 2023 – New EU sanctions against Russian steel products will come into force on 30 September, requiring manufacturers to prove that their processed products do not contain Russian steel. This is likely to affect India in particular. In China, the...

Lawsuit: Poland calls for repeal of EU CBAM and ETS system – Stainless Espresso

Sep 25, 2023 | Stainless Espresso

25 September 2023 – Poland has filed a lawsuit with the European Court of Justice against the EU regulations on CO2 allowance trading, the Market Stability Reserve and the CO2 Carbon Border Tax CBAM, which is due to start in October 2023. And on 26 September,...

EU gas prices decline as supply outlook improves – Stainless Espresso

Sep 22, 2023 | Stainless Espresso

22 September 2023 – EU gas prices have continued to fall this week, which should help the manufacturing industry. In South Korea, a large stainless steel plant will cease production at the end of the month. And Indonesia is not allocating any new mining quotas...