Stainless Espresso: Steel prices rise, bullish demand

Feb 1, 2022 | Stainless Espresso

1 February 2022 – Steel prices are rising due to optimistic demand and already well-filled order books at manufacturers. After the Lunar New Year holidays, a significant increase in domestic demand is also expected from China. Prices for intermediate products,...

Stainless Espresso: LME nickel makes a head start, inventories continue to fall

Jan 31, 2022 | Stainless Espresso

31 January 2022 – Nickel made a head start at the start of trading on the last Monday in January 2022, jumping by almost 2%. China continues to get serious about environmental protection and sentences steel managers to imprisonment and fines. And falling tech...

Stainless Espresso: Steel overcapacity, base metals, rising tube prices

Jan 28, 2022 | Stainless Espresso

28 January 2022 – Overcapacity: While China produced significantly less in 2021, EU27 and India are fighting for the top position in crude steel production increase and overcapacity. Base metals defy the strong dollar and Italian pipe producers raise prices for...

Stainless Espresso: EU escalates trade dispute in Lithuania-China case to WTO

Jan 27, 2022 | Stainless Espresso

27 January 2022 – The EU is moving to the next level of escalation in the trade dispute between Lithuania and China by taking the case to the WTO. Aluminium continues to maintain its upside momentum. Palladium prices rise due to tensions with Russia – what...

Stainless Espresso: Already 85% of Chinese truck drivers in quarantine?

Jan 26, 2022 | Stainless Espresso

26 January 2022 – We are receiving reports from China that 85% of all truck drivers in the Ningbo area are stuck in Corona quarantine. In addition, stocks of Chinese steel are running low in Tangshan due to strong demand and cut production. In the EU, steel...