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Stainless Espresso: Asian nickel prices climb upwards

Oct 11, 2022 | Stainless Espresso

11 October 2022 – Asian spot and futures prices for nickel rose today, in some cases significantly. LME inventories continue to fall. And in China, steel and stainless steel production will be cut by up to 50% due to the upcoming 20th National Congress in...

Stainless Espresso: Indian steel export tax with no end in sight

Oct 10, 2022 | Stainless Espresso

10 October 2022 – The Indian government’s steel export tax is set to remain in place until 2023 and will only be reassessed in the upcoming budget. Asian nickel premiums rose sharply on Monday. And Germany is waiting for the gas price cap. Significant...

Stainless Espresso: Ferrous scrap the new hard currency, UAE imposes export ban

Oct 7, 2022 | Stainless Espresso

7 October 2022 – The United Arab Emirates has imposed an export ban on ferrous scrap. In South Korea, storm damage at one of the largest stainless steel producers is causing prices to rise dramatically, and availability is already limited. And EU imposes new...

Stainless Espresso: More freight, more economy – upward trend in the 4th quarter

Oct 6, 2022 | Stainless Espresso

6 October 2022 – Positive data from China, which can also be derived from the freight volumes heading towards Asia, point to a significant revival and positive sentiment in the world’s second largest economy. Which at the same time also has an impact on...

Stainless Espresso: Green hydrogen for green steel from green water?

Oct 5, 2022 | Stainless Espresso

5 Oktober 2022 – Green hydrogen is set to become the most important energy carrier for the European Union and EU steel producers in the future. But is hydrogen without green water green at all? Raw materials in stronger demand again at the start of the 4th...
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