Stainless Espresso: US infrastructure bill will increase demand for steel

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...

Stainless Espresso: Stainless steel supply capability more important than protest

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...

Stainless Weekend: Tariffs, taxes, prices and demand

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...

Stainless Espresso: Russia lifts aluminium alloys export tax

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...

Stainless Espresso: U.S. Federal Reserve to curb stimulus aid

Nov 4, 2021 | Stainless Espresso

November 4, 2021 – US Federal Reserve announces start of tapering. Financial aid to end by mid-2022. Market reacts positively. Stainless steel demand in China picks up due to good sentiment. EU and US aluminium associations dissatisfied with quota solution in...