Stainless Espresso: EC confirms anti-dumping against aluminum from China

Oct 12, 2021 | Stainless Espresso

October 12, 2021 – The European Commission has concluded the anti-dumping investigation against flat-rolled aluminum products originating in China and set definitive anti-dumping duties of up to 24.6%. At the same time, it has suspended the measure for 9 months...

Stainless Espresso: Prices for steel and aluminum have found support

Oct 11, 2021 | Stainless Espresso

October 11, 2021 – Prices for steel and aluminum found further support in the United States. Demand for scrap remains firm. Despite subdued demand in some areas, prices remain just below record levels. Freight costs already picking up again after brief dip, as...

Stainless Espresso: Stainless steel market step on the gas again

Oct 8, 2021 | Stainless Espresso

October 8, 2021 – Following the end of the Chinese national holidays, the stainless steel market have rallied strongly. Contrary to all prophecies of doom and constant scaremongering to stir up fears among market participants, the raw material markets picked up...

Stainless Espresso: Freight costs, rising energy prices, raw material demand

Oct 7, 2021 | Stainless Espresso

October 7, 2021 – Where is raw material demand heading in the face of rising energy prices and high freight costs? Posco President wants to decarbonize the steel industry collectively. And spot rates for ocean freight have fallen in the short term. An...

Stainless Espresso: The Pandora Papers and the European Commission

Oct 6, 2021 | Stainless Espresso

October 6, 2021 – The publication of the Pandora Papers, a massive database of dubious tax practices, has once again shown that even EU politicians and officials do not shy away from questionable deals via tax havens. As is well known, we have already had to...