Good economic data from China – Stainless Espresso

Mar 2, 2023 | Stainless Espresso

2 March 2023 – The latest Chinese economic data are surprisingly good. This is causing demand and prices to rise. Especially for raw materials for steel and the corresponding demand, the market is very optimistic. Hydrogen in the EU only for industry? Why is the...

New 200% US aluminium Section 232 tariffs also on end products – Stainless Espresso

Mar 1, 2023 | Stainless Espresso

1 March 2023 – The new US Section 232 duties of 200% affect not only primary aluminium, but also intermediate and end products made with Russian aluminium. When can nickel still be mined economically? And Chinese stainless steel rolling mills have to stop...

Stainless steel giant suffers defeat in EU court – Stainless Espresso

Feb 28, 2023 | Stainless Espresso

28 February 2023 – The Tsingshan Group has suffered a first defeat in an EU court in its request to lift market protection measures against stainless steel imports into the EU. Stainless steel stocks continue to fall in China. Chinese workers sue Indonesia...

Punitive tariffs on nickel, aluminium and other metals doubled – Stainless Espresso

Feb 27, 2023 | Stainless Espresso

27 February 2023 – The US government will double punitive tariffs on many Russian metal products from 1 April 2023. These include aluminium, copper, lead and steel – but also nickel! Stainless steel scrap in China now economic alternative to NPI. And...

Iron ore more expensive, steel scarce, China comes back – Stainless Espresso

Feb 24, 2023 | Stainless Espresso

24 February 2023 – Iron ore prices are well above the level of the last 5 years. A rise to $150 per tonne possible. Steel is getting scarcer. China’s property market is coming back. And can the start of Asian overnight trading in nickel save the LME?...