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Stocks already empty? Stainless steel demand jumps up – Stainless Espresso

Stocks already empty? Stainless steel demand jumps up – Stainless Espresso

Jan 26, 2023 | Stainless Espresso

26 Januar 2023 – At the beginning of December there were already signs of a new shortage of stainless steel from January 2023. Currently, there are many indications that the upward jump in demand is already greater than the supply. And the electric vehicle...
Russian nickel producer expects further drop in output – Stainless Espresso

Russian nickel producer expects further drop in output – Stainless Espresso

Jan 25, 2023 | Stainless Espresso

25 January 2023 – Major Russian nickel miner Nornickel, which mines platinum, palladium and copper as well as nickel, expects production to drop further in 2023. Copper prices at highest level in seven months. Will the UK now get its own carbon border tax to pay...
Stainless steel alloy surcharges for February 2023 rise sharply – Stainless Espresso

Stainless steel alloy surcharges for February 2023 rise sharply – Stainless Espresso

Jan 24, 2023 | Stainless Espresso

24 January 2023 – EU and US stainless steel alloy surcharges are rising in February 2023, in some cases by double digits, and are already above the 2022 average. Has the dispute over steel tariffs between the European Union and the United States reached an...
Ferrochrome prices rise, outlook alloy surcharges – Stainless Espresso

Ferrochrome prices rise, outlook alloy surcharges – Stainless Espresso

Jan 23, 2023 | Stainless Espresso

23 January 2023 – Lower energy costs, rising raw material prices and significantly increased demand dominate the stainless steel market. Chrome ore and ferrochrome prices in particular have recently increased significantly. But the upward trend is currently also...
Steel prices get tailwind from empty stocks – Stainless Espresso

Steel prices get tailwind from empty stocks – Stainless Espresso

Jan 20, 2023 | Stainless Espresso

20 January 2023 – Steel prices have recently risen significantly again. Not only the relaxed covid restrictions in China, but also the lowest inventories in 16 months are giving prices in Europe a good tailwind. Molybdenum and nickel continue to rise....
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