Stainless Espresso: Procurement concerns drive prices up again

Sep 16, 2021 | Stainless Espresso

September 16, 2021 – Procurement concerns for Chinese stainless steel have caused futures on the SHFE and spot prices to jump upwards. In Italy, a winner is emerging in the battle for stainless steel producer Acciai Speciali Terni. And the OECD is secretly...

Stainless Espresso: EU steel producers fail to achieve green transformation

Sep 15, 2021 | Stainless Espresso

September 15, 2021 – EU steel producers do not manage the green transformation. Traditional blast furnaces would have to be shut down by 2033. Technology unable to save more than 30% CO2 by 2050. 96% of EU flat steel production on the brink of extinction? While...

Stainless Espresso: Profit taking before US inflation data

Sep 14, 2021 | Stainless Espresso

September 14, 2021 – Shortly before the US inflation data expected today, Tuesday, investors have exercised caution and realized profits. Nickel demand remains high. Profit taking in Base Metals Shortly before the publication of the U.S. inflation data and a...

Stainless Espresso: Aluminum prices shoot up sharply due to supply snags

Sep 13, 2021 | Stainless Espresso

September 13, 2021 – Aluminum prices at highest level since 2008 due to supply snags. Chinese export tax rebate cuts on aluminum back in play? EC only throws a bone wrapped in waste paper with proposal to suspend anti-dumping duties for 9 months. Steel and...

Stainless Espresso: EU steel producers concerned about possible anti-dumping suspension

Sep 12, 2021 | Stainless Espresso

September 12, 2021 – Anti-dumping: European steel producers are expressing concern about the possible suspension of EU anti-dumping tariffs after the European Commission showed signs that it could temporarily suspend an tariff on aluminum due to ongoing economic...