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Stainless Espresso: Commodities in Asia pick up strongly

May 11, 2022 | Stainless Espresso

11 May 2022 – After the corrections on the commodity markets in the last few days, prices in Asia have in some cases risen significantly again today. Nickel, aluminium, iron ore, hot-rolled coil and coke prices up. Unimpressed by the market: Asian stainless...

Stainless Espresso: CBAM is becoming a pipe-drop for EU steelmakers

May 10, 2022 | Stainless Espresso

10 May 2022 – The EU Carbon Border Tax CBAM is increasingly turning into a pipe-cracker for EU steelmakers as the European Commission wants to abolish ETS allowances and rejects export rebates as a double subsidy. US consumption is robust. Indian energy crisis...

Stainless Espresso: Stainless outlook for 2022 positive

May 9, 2022 | Stainless Espresso

9 May 2022 – Despite an expected drop in demand in Russia and Ukraine, the outlook for steel and stainless steel in 2022 remains positive and overall demand is expected to remain at last year’s level. Is the commodity market getting an alternative to...

Stainless Espresso: Nickel stable at the start of the trading day

May 6, 2022 | Stainless Espresso

6 Mai 2022 – Despite the fact that some publishers of market data had displayed incorrect LME closing prices and thus caused some unrest, nickel prices on the LME started the trading day stable. EC submits final proposal for autonomous tariff rate quotas....

Stainless Espresso: Fed raises interest rates – markets and base metals react positively

May 5, 2022 | Stainless Espresso

5 May 2022 – As expected, the US Federal Reserve (Fed) announced a rate hike of 50 basis points to 1%. Markets and base metals react positively to the decision. HRC and stainless steel prices rise. And he who buys cheap buys twice – Beware of fraud in...
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