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?...

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....