Indian stainless steel group with more drastic problems? – Stainless Espresso

Mar 15, 2023 | Stainless Espresso

15 Marche 2023 – After the merger of two Indian stainless steel companies, they seem to be urgently looking for fresh capital to refinance their debts. Has the company’s marriage brought bigger problems into the house? Indonesia is threatening nickel...

China: Consumption clearly on the rise – Stainless Espresso

Mar 14, 2023 | Stainless Espresso

14 March 2023 – Chinese consumption is steadily increasing. In February, the granting of short-term consumer loans in China rose by more than 250%. This is likely to have already reached the local economy and to continue to increase. EU committee presents...

EU steel producers: No CO2 reduction since 2005? – Stainless Espresso

Mar 13, 2023 | Stainless Espresso

13 March 2023 – EU steel producers, led by a major German group, have made no really progress in decarbonising their blast furnaces since 2005. And now everything is supposed to get better? A critical look at green symbols. Canada wants to ban Russian steel and...

German aluminium smelter shuts down – Stainless Espresso

Mar 10, 2023 | Stainless Espresso

10 March 2023 – A major German aluminium smelter reports it will begin the shutdown process due to high electricity costs. And good news from Germany. Rising exports, growing orders and high demand for heat pumps – good outlook for stainless steel....

Nickel needs reliable trading place, demands grow louder – Stainless Espresso

Mar 9, 2023 | Stainless Espresso

9 March 2023 – The calls for a reliable trading place for nickel are getting louder after a year of nickel fiasco. US stainless steel producer raises base prices. And the EU’s plan to have its critical raw materials mined and refined in Europe could be...