Stainless Espresso: Chinese stainless steel prices rise

Jun 21, 2022 | Stainless Espresso

21 June 2022 – Chinese stainless steel prices rose Monday and Tuesday and futures on the SHFE are also heading higher. Indian steel exports are expected to slump 40% in the current fiscal year. And Ukraine is putting itself on the map as a producer and supplier...

Stainless Espresso: Billions in fraud with Chinese aluminium

Jun 20, 2022 | Stainless Espresso

20 June 2022 – It’s a horror scenario for buyers of Chinese aluminium when it suddenly turns out that the aluminium doesn’t even exist. Are new energy restrictions coming? Chinese National Development and Reform Commission (NDRC) calls for new...

Stainless Espresso: Will EU stainless steel alloy surcharges increase again?

Jun 17, 2022 | Stainless Espresso

17 June 2022 – According to current calculations, the European stainless steel alloy surcharges for July 2022 should actually increase significantly. We put forward a bold thesis on alloy surcharges and have rolled the dice a little for you. Fitch Ratings raises...

Stainless Espresso: Stainless steel demand surge could quickly empty EU stocks

Jun 16, 2022 | Stainless Espresso

16 June 2022 – A further increase in demand for stainless steel in Europe could quickly empty current stocks. The first vehicle manufacturers are already calling for larger quantities. China restricts crude steel production in Jiangsu by another 6 million tonnes...

Stainless Espresso: Indian steel, buyers now facing the next shock?

Jun 15, 2022 | Stainless Espresso

15 June 2022 – Is the next shock coming for buyers of Indian steel and stainless steel? After the introduction of the steel export tax, Indian mills are now threatening to halt production. Are steelmakers already running out of money? Customers already severely...