Stainless Espresso: Dangerous loophole, boron in Indian steel saves export tax

Jul 28, 2022 | Stainless Espresso

28 July 2022 – Indian steelmakers are adding boron to their steel alloys to avoid export tax. This is what Indian media report. However, the addition of boron in even the smallest quantities significantly changes the composition of the steel. This poses great...

Stainless Espresso: EC launches anti-circumvention investigation against stainless steel

Jul 27, 2022 | Stainless Espresso

27 July 2022 – EC launches anti-circumvention investigation against stainless steel imports from Turkey. Suspicion: deliberate circumvention of anti-dumping measures against hot rolled stainless steel sheets and coils originating in Indonesia. Economic booster:...

Stainless Espresso: More nickel products on sanctions lists?

Jul 26, 2022 | Stainless Espresso

July 26, 2022 – More and more nickel products end up on Western sanctions lists, such as nickel hydroxide. The jungle of import and export restrictions is almost impossible to navigate, making trade of related products a dangerous legal gamble. At the same time,...

Stainless Espresso: Demand on the rise, steel price increase expected

Jul 25, 2022 | Stainless Espresso

25 July 2022 – Not only in Europe, but also internationally, steel producers are expecting rising demand and higher prices for Q3 2022. Good market sentiment and an increase in enquiries are reported. Nickel futures up in Asia. Commodity exchange does not want...

Stainless Espresso: Automotive demand for steel picks up

Jul 22, 2022 | Stainless Espresso

22 July 2022 – Automotive manufacturers in Europe and Asia are demanding significantly more steel products. For example, Japan is reporting increases in steel demand of more than 24% compared to the same period last year. ECB rate hike: A thought experiment....