Stainless Espresso: EU steel prices up again – no more spot offers

May 12, 2021 | Stainless Espresso

European steel prices have risen by 81% since November 2020 and steelmakers’ margins have also increased by 300% despite massive increases in raw material prices. In addition, EU steelmakers are apparently no longer offering on the spot market. EU steel prices...

Stainless Espresso: Nickel stable again after profit taking

May 11, 2021 | Stainless Espresso

After falling by almost 2.5% on Monday, nickel is already picking up again today (Tuesday), gaining almost $200 per ton on the LME. And in a webinar of the Turkish Steel Exporters Association (ÇIB), the European Commission was urged to end the Safeguard measures on...

Stainless Espresso: Fire at YUSCO delays offers from Taiwan

May 10, 2021 | Stainless Espresso

Following a fire (Video) at Taiwanese steel producer Yieh United Steel Corp (YUSCO), new offers for stainless steel from Taiwan have again been delayed in many areas. Germany’s export engine is humming for the eleventh month in succession. And iron ore continues...

Stainless Espresso: Stainless steel prices in Europe up

May 9, 2021 | Stainless Espresso

Some interesting market data await us in the coming week. Politically it should remain quiet – but you never know. In addition, stainless steel prices picked up significantly last week, as we expected. IHS Markit offers an exciting outlook for the coming week....

Stainless Espresso: GCC Safeguard measures, and scrap is up again

May 8, 2021 | Stainless Espresso

The GCC have announced that the Gulf Cooperation Council countries have issued definitive Safeguard Measures on certain steel products. And scrap prices worldwide continue to rise sharply and could exceed $500 per ton. GCC to set definitive steel safeguard measures...