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...

Is thyssenkrupp steel really becoming greener? – Stainless Espresso

Mar 8, 2023 | Stainless Espresso

8 March 2023 – Is thyssenkrupp steel really becoming greener and cleaner? That’s a good question, since press releases spread a lot of self-praise and like to distract from important things with linguistic quibbles. The United States announces the results...

Nickel: Commodity exchange can’t get out of crisis of confidence – Stainless Espresso

Mar 7, 2023 | Stainless Espresso

7 March 2023 – The LME cannot get out of its crisis of confidence. After the British regulator is seeking legal action against the LME, it has now also become known that a group of ten hedge funds has sued the commodity exchange for damages. Demand for steel and...

EU CBAM: Nothing ready yet – Can CBAM even start in 2023?

Mar 6, 2023 | Stainless Espresso

6 March 2023 – The introduction of the EU Carbon Border Tax CBAM is planned for October 2023. But nothing seems to be ready yet. Not even a final regulation has been decided yet, or a generally applicable calculation key for the calculation of CO2 emissions. FCA...