China’s stock markets supported by Beijing’s measures – Stainless Espresso

Aug 29, 2023 | Stainless Espresso

29 August 2023 – Chinese stocks saw a rise of up to 5.5% at the start of the week. This is due to government interventions to stabilize real estate and capital markets. And lawsuits to lift EU anti-dumping duties extended to Turkey against hot-rolled stainless...

Stainless steel prices increased last week – Stainless Espresso

Aug 28, 2023 | Stainless Espresso

28 August 2023 – Stainless steel prices rose again last week. And SHFE Nickel had also ended last week with a positive trend. Real estate group Evergrande is back on the stock market after the group halved its losses and was able to capitalize on rising demand...

Next commodity trader hit by nickel fraud – Stainless Espresso

Aug 25, 2023 | Stainless Espresso

25 August 2023 – Once again, a commodity trader who thought nickel was in his containers has been hit by a scam that commodity major Trafigura has also suffered this year. And after EU natural gas prices shot up due to a strike in Australia, they temporarily...

Chinese copper prices rise on positive sentiment – Stainless Espresso

Aug 24, 2023 | Stainless Espresso

24 August 2023 – Copper prices on the SHFE rose again Thursday on positive sentiment, political tailwinds and rising demand for other raw materials. And is the LME losing the nickel case in court? Source

US mills increase stainless steel alloy surcharges for September 2023 – Stainless Espresso

Aug 23, 2023 | Stainless Espresso

23 August 2023 – Stainless steel alloy surcharges in the United States for September 2023 are increasing. In particular, the surcharge for 316/316L is jumping up. Natural gas prices in Germany fell dramatically in July. And Asian commodities continue to develop...