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Stainless Espresso: Steel and stainless steel prices continue to rise

Stainless Espresso: Steel and stainless steel prices continue to rise

Jul 29, 2021 | Stainless Espresso

July 29, 2021 – Chinese steel and stainless steel prices rose again today, even if analysts had already again sung farewells to the Chinese market. Aluminum, nickel and other important values further in the plus. India and Brazil increasingly focus on the...
Stainless Espresso: Criticism of EU Safeguard extension continues unabated

Stainless Espresso: Criticism of EU Safeguard extension continues unabated

Jul 28, 2021 | Stainless Espresso

July 28, 2021: Criticism of the European Commission’s three-year extension of the EU Safeguard measures continues unabated. The EU economy is being severely damaged by supply bottlenecks; in Germany alone the estimated losses amount to more than 25 billion...
Stainless Espresso: Rising ferrochrome prices pull up EU alloy surcharges significantly

Stainless Espresso: Rising ferrochrome prices pull up EU alloy surcharges significantly

Jul 27, 2021 | Stainless Espresso

Rising ferrochrome prices are pulling up domestic stainless steel producers’ August 2021 alloy surcharges significantly in the EU. By up to 10%. Nickel ore prices close to all-time high. Demand for 300 series stainless steel in 2021 up more than 35%...
Stainless Espresso: Chinese steel export taxes from 11 to 20%?

Stainless Espresso: Chinese steel export taxes from 11 to 20%?

Jul 26, 2021 | Stainless Espresso

As market sources tell us, there is hot speculation in China about coming steel export taxes. There is talk of export taxes on HRC and CRC products in the range of 11 to 20%. Nickel and stainless steel prices continue to rise significantly. Stainless steel spot prices...
Stainless Espresso: Chinese power cuts have visible impact on stainless steel prices

Stainless Espresso: Chinese power cuts have visible impact on stainless steel prices

Jul 23, 2021 | Stainless Espresso

Tight power supplies in China are having an increasingly visible impact on stainless steel price trends, as evidenced today, July 23, 2021, by a look at prices that have once again risen sharply. Nickel is again topping $19,000 per ton on the LME. And aluminum Midwest...
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