Stainless Espresso: Stainless steel, falling stocks and rising scrap prices

Sep 14, 2022 | Stainless Espresso

14 September 2022 – Stainless steel prices are influenced by various factors. Besides nickel and ferrochrome, important indicators include 300 series stocks and stainless steel scrap prices. Rebar demand in Europe good, prices expected to rise. Also on scrap:...

Stainless Espresso: Nickel contract jumps by more than 10%

Sep 13, 2022 | Stainless Espresso

13 September 2022 – The Asian nickel contracts on the SHFE have increased significantly today. In some cases by more than 10%. Stainless steel prices continue to rise sharply. And the European Commission will present a proposal today to combat forced labour...

Stainless Espresso: Low-CO2 steel from Germany, but only with reservations

Sep 12, 2022 | Stainless Espresso

12 September 2022 – Is the green transformation finally coming to German steelmakers? Yes, but only low-CO2 steel and with big reservations. And only if there are billions in subsidies. Otherwise it won’t. Base metals on the LME are friendly at the start...

Stainless Espresso: Nickel jumped +8.5% – Rally on the commodity exchanges

Sep 9, 2022 | Stainless Espresso

9 September 2022 – Nickel futures in Asia jumped significantly today. In some cases by more than 8.5%. LME nickel also started trading with significant gains. Overall, base metals, not only in Asia, are up significantly today. What happened? Source

Stainless Espresso: Stainless steel rebound continues to gain momentum

Sep 8, 2022 | Stainless Espresso

8 September 2022 – The rebound in stainless steel prices continues. Not only are rising prices reported from China, but other Asian countries are joining in. And commodity group sees demand for nickel rising by more than 50% by 2030 and sees undersupply coming....