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Stainless Espresso: Russian export tax on metals confirmed

Stainless Espresso: Russian export tax on metals confirmed

Jun 26, 2021 | Stainless Espresso

Russian Prime Minister Mikhail Mishustin yesterday confirmed the announced export tax on ferrous and non-ferrous metals. Germany is planning tax gifts worth billions to domestic steel producers. And the euro zone is recovering faster than expected. Russian export tax...
Stainless Espresso: US steelmakers with 164 days of maintenance work

Stainless Espresso: US steelmakers with 164 days of maintenance work

Jun 25, 2021 | Stainless Espresso

While nickel has continued to rise on SHFE and LME and the other metals are also on the upswing, Russia wants to introduce export taxes on steel, nickel, aluminum and other products. In the United States, steelmakers face up to 164 more days of maintenance by the end...
Stainless Espresso: How are world market prices for stainless steel developing?

Stainless Espresso: How are world market prices for stainless steel developing?

Jun 24, 2021 | Stainless Espresso

Opinions differ on the trend in market prices for steel and stainless steel. Some are singing the song of the end of the steel market boom. Others see no end in sight. In China, at any rate, domestic stainless steel prices are rising to a 4.5-year high. And the...
Stainless Espresso: EU Safeguard approval rating drops significantly

Stainless Espresso: EU Safeguard approval rating drops significantly

Jun 23, 2021 | Stainless Espresso

Approval among member states for EU Safeguard measures has fallen sharply. Spot prices for metals up. Futures in the plus. And Indonesia wants to limit production of cheap Nickel Pig Iron. Base Metals and stainless steel prices up Chinese spot prices in the important...
Stainless Espresso: China starts spot iron ore market investigation

Stainless Espresso: China starts spot iron ore market investigation

Jun 22, 2021 | Stainless Espresso

Yesterday seasonal cooling on the iron ore market, today a different picture emerges. Chinese regulators startet an investigation and kept an eye on the spot iron ore market on Monday. They are looking for price gouging and hoarding. The background is that prices have...
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