Apr 28, 2021 | Stainless Espresso
According to media reports, China has removed VAT rebates on steel exports. In return, taxes on raw material imports have been set at zero. The 13% VAT rebate on exports of hot-rolled coil, wire rod and rebar will no longer apply from May, according to a statement on...
Apr 28, 2021 | Stainless Espresso
Prices on the commodity exchanges continue to rise, with copper and aluminum reaching record highs. In the United States, HRC prices are expected to remain high. Also lead times for new material from US mills stand at just under 9 weeks. Further Thorsten Gerber has...
Apr 27, 2021 | Stainless Espresso
The EU is using steel to win votes against China. The WTO on Monday – whether intentionally or not – holds suitably against. And the base metals have almost all risen. WTO calls for more facts and less polemics China has consistently been one of the main...
Apr 26, 2021 | Stainless Espresso
In Germany, if it finally emerges from the Corona crisis, all the signs point to an economic boom. And in Asia, prices for steel, nickel, iron ore and other key raw materials are rising again. Is the boom coming? German economists see economy in “starting blocks...
Apr 25, 2021 | Stainless Espresso
This Sunday in a nutshell, the Stainless Espresso with unpleasant news from the state of Punjap in India. Punjap urgently needs oxygen. State steel and iron producers must stop production to produce medical oxygen. Oxygen instead of steel: Punjap orders shutdown of...
