Stainless Espresso: Fed mulls slight rate hike in 2023

Jun 18, 2021 | Stainless Espresso

After the Fed announced on June 17, 2021 that it is considering a possible slight rate hike in 2023, the markets have reacted as expected and set back slightly. However, have already recovered this morning. We look at the current values. Facts, figures, data: Fed...

Stainless Espresso: Stainless steel and aluminum still in short supply

Jun 17, 2021 | Stainless Espresso

Shortages of key stainless steel and aluminum products continue. In the United States, despite capacity increases, there is no sign of any easing on the steel market. In China, aluminum smelters are having to cut capacities by an estimated 750,000 MT due to energy...

Stainless Espresso: Base metals down, steel prices unimpressed

Jun 16, 2021 | Stainless Espresso

Steel and stainless steel prices were unimpressed by the current movements in base metals. In the Gulf region, demand is picking up as stainless steel stocks dry up. And aluminum futures show only marginally attention to Chinese announcement. Base metals price...

Stainless Espresso: EU must correct Safeguard mistake

Jun 15, 2021 | Stainless Espresso

Still on Monday, the European Union had to correct its error in the Safeguard calculations to the WTO. Only a few hours after we had pointed it out. The European market expects a continuing steel shortage and rising prices. And alloy prices in the EU are rising to...

Stainless Espresso: Errors in the EU Safeguard justification?

Jun 14, 2021 | Stainless Espresso

After a first analysis of the EU Safeguard notification to the WTO of June 11, 2021, we found possible errors in the calculation and the justification for the extension. Is scrap now running out in the EU in addition to steel? And the high steel prices seem to...