Mar 15, 2022 | Stainless Espresso
15 March 2022 – The LME has announced its intention to resume nickel trading on 16 March 2022. Tsingshan founder disempowered? Group may no longer trade nickel for the time being. SHFE nickel continues its upward trend. And new corona lockdowns in China. LME...
Mar 14, 2022 | Stainless Espresso
14 March 2022 – Europe now also wants to impose sanctions on Russian steel exports, as the European Commission had announced as recently as Friday last week. Fitch Ratings downgrades 28 Russian commodity suppliers to CC credit rating. And the battle for the...
Mar 11, 2022 | Stainless Espresso
11 March 2022 – The Chinese nickel and stainless steel giant Tsingshan apparently had to be rescued by state intervention after it got into deep trouble due to self-inflicted losses. Spanish steel mills reduce production. EC imposes anti-dumping duties on...
Mar 10, 2022 | Stainless Espresso
10 March 2022 – The European aluminium industry is under severe pressure. High energy costs, sanctions against Russia, imports from China and now increased strategic importance – can it cope? In addition, the SHFE has temporarily suspended trading in some...
Mar 9, 2022 | Stainless Espresso
9 March 2022 – According to current calculations, the failed Tsingshan/ Big Shot nickel speculation for approx. 200,000 MT of nickel has cost the Chinese Group at least 8 billion US dollars. Nickel trading on the LME is suspended until at least 11 March 2022....
