Stainless Espresso: Dollar, nickel and aluminum rise

Aug 23, 2021 | Stainless Espresso

August 23, 2021 – Dollar, nickel and aluminum rose again today, Monday. After much speculation in the past week and the values on the commodity exchanges were so depressed, they are already picking up again at the start of the new week. The automotive industry...

Stainless Espresso: How playing with fear affects commodity markets

Aug 20, 2021 | Stainless Espresso

August 20, 2021 – How playing with fear affects commodity markets. Chinese stainless steel prices remain stable due to increased demand. CISA calls for more export discipline for steel products. And can 2020 really be used as a representative statistical source?...

Stainless Espresso: Chinese stainless steel exports decline

Aug 19, 2021 | Stainless Espresso

Measures taken by the Chinese government are causing stainless steel exports to fall. This reduces available stainless steel imports to Europe, which is dependent on imports due to robust demand. Chinese NPI stable, nickel ore prices rise. Strong US steel demand...

Stainless Espresso: Chinese aluminum becomes even scarcer

Aug 18, 2021 | Stainless Espresso

While planned maintenance work on several US steel mills is pending in the United States and more than 800,000 st of crude steel production is estimated to be lost in 2021, energy problems and emissions controls in China are causing further shortages of aluminum. In...

Stainless Espresso: Does the latest Eurofer report contain errors?

Aug 17, 2021 | Stainless Espresso

August 17, 2021 – Does Eurofer’s report on the development of EU steel consumption, published on August 16, contain errors? In some parts, it seems that this may be the case. Nickel products for stainless steel in short supply. Chinese stainless steel...