Stainless Espresso: Base metals in Shanghai rise and a controversial opinion

Apr 16, 2021 | Stainless Espresso

Today’s Stainless Espresso takes a quick look at the new Dow Jones record and the impact on Base Metals’ performance in Shanghai this morning. We also have an opinion on the EU trade agreements and that the EU Green Deal is becoming a serious problem for...

Stainless Espresso: China’s Domestic Stainless Steel Prices Rise on Pick-up in Demand

Apr 15, 2021 | Stainless Espresso

Today in Stainless Espresso: Domestically Chinese stainless steel prices rise. China and Latin America drive up Black Sea billet prices. And Varoufakis accuses von der Leyen of “outrageous greenwashing” in the EU. China’s Domestic Stainless Steel Prices...

Stainless Espresso: Sell the rumor. Buy the fact.

Apr 14, 2021 | Stainless Espresso

Base metals fell in Shanghai towards morning on Tuesday, April 13, 2021. There were also broad losses on the London Metal Exchange. Cause here probably the expected Chinese trade data. Chinese trade surplus declines significantly in March As expected, the trade data...

Stainless Espresso: US finished steel prices high until fall, and the nickel supply propaganda

Apr 13, 2021 | Stainless Espresso

According to a survey by S&P Global Platts, US finished steel prices are expected to remain high until at least September 2021. Also in today’s Stainless Espresso: Why Tsingshan’s nickel supply story is full of holes. High US finished steel prices...

Stainless Espresso: Steel market in crisis mode, will China stop steel exports?

Apr 12, 2021 | Stainless Espresso

Today’s Stainless Espresso looks at the current outlook for the Chinese steel market and the possibility that China could stop exporting steel in 2021. What is the situation in Tangshan? And what is happening in Hebei now? Also, iron ores in China could be...