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Stainless Espresso: Nickel and stainless steel prices up significantly

Stainless Espresso: Nickel and stainless steel prices up significantly

Jul 16, 2021 | Stainless Espresso

In China, nickel and stainless steel prices have increased significantly today, Friday, July 16, 2021. Stainless steel futures on the SHFE rose up to 6.7% in the interim. Nickel on the LME briefly above $19,000 per ton. The European Green Deal “Fit for 55”...

Stainless Espresso: Aluminum shortage in the EU continues to worsen

Jul 15, 2021 | Stainless Espresso

The EC has further exacerbated the supply situation for aluminum in the European Union with a recent anti-dumping decision. In the United States, nickel briquette premiums are up almost 35%. Chinese stainless steel rises to 7-year high amid this year’s...
Stainless Espresso: EU stainless steel anti-dumping case possibly illegal

Stainless Espresso: EU stainless steel anti-dumping case possibly illegal

Jul 14, 2021 | Stainless Espresso

Gerber Group reports that a current EU anti-dumping case regarding stainless steel imports from Taiwan and China in the Expiry Review may violate applicable EU law. US CAFC states that 50% duties on Turkish steel were legal. Chinese aluminum smelters struggle with...
Stainless Espresso: Possible EU breach of law in anti-dumping case against China and Taiwan

Stainless Espresso: Possible EU breach of law in anti-dumping case against China and Taiwan

Jul 14, 2021 | Stainless Espresso

Riegel, 14 July 2021 – The Gerber Group, with its CEO Thorsten Gerber, has in recent days expressed its grave concern to the European Commission and the Directorate-General Trade that serious legal errors have been made in the Expiry review of the anti-dumping...
Stainless Espresso: NAS revokes force majeure – but does it change anything?

Stainless Espresso: NAS revokes force majeure – but does it change anything?

Jul 13, 2021 | Stainless Espresso

North American Stainless (NAS) has withdrawn its force majeure statement from last week. But does this change anything in the overall situation on the North American stainless steel market? In the EU, scrap prices for 316 grade continue to rise significantly. And...
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