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Tax breaks cut: Indonesia wants to conserve nickel reserves – Stainless Espresso

Tax breaks cut: Indonesia wants to conserve nickel reserves – Stainless Espresso

May 4, 2023 | Stainless Espresso

4 May 2023 – The government of Indonesia has stressed several times in the recent past that it wants to conserve its nickel reserves for higher-value products. Now the government is cutting tax breaks for NPI smelters. Positive data is coming out of China for...
Nickel prices continue to rise at the beginning of May 2023 – Stainless Espresso

Nickel prices continue to rise at the beginning of May 2023 – Stainless Espresso

May 3, 2023 | Stainless Espresso

3 May 2023 – LME nickel prices have risen by almost 10% since the end of March 2023 and the European nickel price was already above $25,400 per ton again in the meantime. Inventories eased a further 4.7% in April, according to the latest LMI surveys....
Positive market data to start May 2023 – Stainless Espresso

Positive market data to start May 2023 – Stainless Espresso

May 2, 2023 | Stainless Espresso

2 May 2023 – Positive market data to start May 2023. The markets on both sides of the Atlantic – the United States and Europe – have performed more positively than many analysts expected. The great recession in the Eurozone has failed to materialise...
Freight market revival: Fully booked ships – Stainless Espresso

Freight market revival: Fully booked ships – Stainless Espresso

Apr 28, 2023 | Stainless Espresso

28 April 2023 – The freight market is picking up, with fully booked ships reported on the first routes from Asia to Europe. And the growing importance of stainless steel scrap for manufacturers is being confirmed more and more – the recycling industry is...
Right Mindset? Spanish stainless steel group with very good results – Stainless Espresso

Right Mindset? Spanish stainless steel group with very good results – Stainless Espresso

Apr 27, 2023 | Stainless Espresso

27 April 2023 – Spanish stainless steel group Acerinox has published its Q1 2023 results. Very good numbers were rewarded with a rise in the Acerinox share price. And electromobility is booming. Growth forecasts revised significantly upwards. Is the availability...
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