Stainless Espresso: Market starts to price in expected Fed rate hike

Aug 9, 2021 | Stainless Espresso

Aug. 9, 2021 – The market reacted Monday to a more likely interest rate hike by the U.S. Federal Reserve on the back of surprisingly good labor market data from the United States. In the EU, stainless steel prices rose again last week. Run on materials and labor...

Stainless Espresso: Lead times for EU steel products in March 2022?

Aug 6, 2021 | Stainless Espresso

August 6, 2021 – According to market sources, EU lead times have already arrived in March 2022. And the order books for 2021 at EU steel producers are full. Base metals, such as nickel and aluminum, continue their positive trend today. Chinese aluminum...

Stainless Espresso: China increasingly reliant on aluminum imports

Aug 5, 2021 | Stainless Espresso

August 5, 2021 – China is increasingly reliant on aluminum imports and has become a net importer of aluminum over the past year. A trend that continues apace, prompting questions about whether the Chinese government will next tighten the thumbscrews on aluminum...

Stainless Espresso: Stainless steel prices fluctuate at a high level

Aug 4, 2021 | Stainless Espresso

August 4, 2021 – Chinese stainless steel prices are currently fluctuating at a high level and this is expected to continue not only in China but also worldwide. There are increasing reports that the crisis in the automotive industry, triggered by a shortage of...

Stainless Espresso: 40 million tons of steel missing for US industry

Aug 3, 2021 | Stainless Espresso

August 3, 2021 – According to an estimate by Bloomberg, steel consumption in the United States will be around 104 million tons in 2021, followed by an estimated consumption of 108 million tons in 2022. This compares with domestic steel production of just 87...