Nov 10, 2021 | Stainless Espresso
November 10, 2021 – Scarce aluminium stocks on the London Metal Exchange. Stocks fell below the 1 million tonne mark yesterday due to strong demand. Warrant stocks are at their lowest level since 2005. Energy restrictions and capacity constraints are supporting...
Nov 9, 2021 | Stainless Espresso
November 9, 2021 – The US infrastructure deal will increase demand by an average of 5 million tons of steel for every US$100 billion spent on it, according to US steel groups – which could amount to a calculated 27.5 million tons. Positive trends on stock...
Nov 8, 2021 | Stainless Espresso
November 8, 2021 – Stainless steel remains a scarce commodity in Europe. Initial voices are calling for a boycott as a protest against scarce availability and prices. But can that really be a solution? The United States surprised with very good labour market...
Nov 6, 2021 | Stainless Espresso
November 6, 2021 – The last week was dominated by consolidations on the commodity exchanges. In addition, the announcement by the Russian government to lift export taxes on aluminium alloys shook up the market somewhat. The Fed announcement to start tapering was...
Nov 5, 2021 | Stainless Espresso
November 5, 2021 – The Russian government lifted the 15% export tax on aluminium alloys – billets and slabs – at the end of October with 30 days’ notice. The EU raw materials strategy is showing more and more critical problems. The next crisis...
