Indian stainless steel products blocked in Antwerp – Stainless Espresso

Mar 27, 2023 | Stainless Espresso

27 March 2023 – Stainless steel products from India’s Jindal Group are blocked by customs in Antwerp, Europe, because they were apparently destined for Russia. The group is furious, but remains silent on important information about the background. Positive...

SHFE Nickel jumps almost 4% on Friday – Stainless Espresso

Mar 24, 2023 | Stainless Espresso

24 March 2023 – Nickel prices on the SHFE jumped today, Friday, in some cases by more than 4%. LME is following suit. Stainless steel buyers must now be quick. Market prices and raw material mix show that new price bottom for stainless steel has been reached....

EU CBAM: Will Indian steel become up to 35% more expensive? – Stainless Espresso

Mar 23, 2023 | Stainless Espresso

23 March 2023 – Things are not going well for Indian steel at the moment. It would like to have a free trade agreement with the EU, but the Carbon Border Tax CBAM could make Indian steel up to 35% more expensive to import into the EU. Trafigura CEO warns that...

Is the next commodities supercycle coming? – Stainless Espresso

Mar 22, 2023 | Stainless Espresso

22 March 2023 – Another financial services provider sees a possible supercycle for commodities coming due to major shifts in capital flows. LME chaos is getting more and more confusing: Does everyone have a hand in it now? What will happen tomorrow? And...

Short sellers cash in, markets ignore banks crisis – Stainless Espresso

Mar 21, 2023 | Stainless Espresso

21 March 2023 – The markets have reacted calmly to the rescue of Credit Suisse. But the pressure that short-sellers have exerted on the market in the meantime is likely to have given them millions in profits. “Pockets of rocks” – now it seems...