EU scrap export: Is the steel export ban now looming? – Stainless Espresso

Feb 23, 2023 | Stainless Espresso

23 February 2023 – Scrap exports from the EU are to be banned. This could be a boomerang for steel producers. Is the demand for a steel export ban coming? US HRC prices jump significantly upwards. Goldman Sachs sees rising commodity prices coming in 2023 with...

Most important EU nickel supplier to drop out? – Stainless Espresso

Feb 22, 2023 | Stainless Espresso

22 February 2023 – Russian mining group Norilsk Nickel seems to be thinking about stopping its sales to Europe. This could pose a huge problem for the EU, which gets about 50% of the important raw material from Russia. Stainless steel prices in China are rising....

US stainless steel imports pick up significantly in January – Stainless Espresso

Feb 21, 2023 | Stainless Espresso

21 February 2023 – Stainless steel imports to the United States increased by more than 38% in January. US stainless steel mills significantly increase 316/316L alloy surcharges for March 2023. And first Chinese provinces ration energy again, again particularly...

Ferrochrome prices strong, availability tight – Stainless Espresso

Feb 20, 2023 | Stainless Espresso

20 February 2023 – Supply of ferrochrome and chrome ores remains tight, keeping prices high. Indonesia has a growing dilemma with its nickel. And ArcelorMittal collects Western tax billions for decarbonisation and even wants to increase CO2 emissions tenfold in...

EU Carbon Border Tax CBAM, a growing concern for Africa – Stainless Espresso

Feb 17, 2023 | Stainless Espresso

17 February 2023 – African countries could lose 30 to 35% of their exports to Europe with the introduction of the EU Carbon Border Tax (CBAM), according to a recent study. Indonesia wants to maintain its bauxite export ban, but is having growing problems finding...