Stainless Espresso: Base metals already back in uptrend

Jul 20, 2021 | Stainless Espresso

After brief Covid19 concerns, base metals had executed a slight downward correction on a broad front yesterday, Monday, July 19, 2021. Today, the prices of nickel, aluminum, copper and others are already rising again. In the United States, nickel premiums are in short...

Stainless Espresso: Problematic delivery delays for coil products in Europe

Jul 19, 2021 | Stainless Espresso

In Europe, particularly in Germany and the BENELUX states, further delivery delays and major technical problems are reported at some coil product producers. Nickel is rising on the LME and SHFE. In China, there is hot demand for nickel ores and NPI. And Chinese...

Stainless Espresso: US CRC prices over $2,000 per short ton

Jul 17, 2021 | Stainless Espresso

In the United States, prices for cold-rolled coil and sheet and galvanized steel sheet have risen last week (16 July, 2021) to an all-time high of over $100 per cwt. And in South America, flat steel imports are becoming increasingly expensive due to high freight rates...

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...