EU opens anti-dumping case against HRCs from 4 countries – Stainless Espresso

Aug 8, 2024 | Stainless Espresso

8 August 2024 – The EU Commission has today initiated anti-dumping proceedings against HRCs from Egypt, India, Japan and Vietnam. Is this again targeting Vietnam in particular? Indonesia wants to ban construction of new coal-fired power plants for nickel...

WTO report: global trade continues to grow – Stainless Espresso

Aug 7, 2024 | Stainless Espresso

7 August 2024 – The latest WTO annual report forecasts a further increase in world trade for 2024 and also for 2025. Will a new EU anti-dumping investigation against HRC imports be launched in August? And an opinion: LME must urgently adjust nickel stocks...

Nikkei index jumps more than 10% upwards on Tuesday – Stainless Espresso

Aug 6, 2024 | Stainless Espresso

6 August 2024 – The Japanese Nikkei 225 Index jumped by more than 10% on Tuesday. Many other stock indices also showed a very favourable trend today. High-grade nickel reserves in Indonesia to be depleted in around 13 years – Indonesian government suspends...

NPI prices continue to rise due to robust demand – Stainless Espresso

Aug 5, 2024 | Stainless Espresso

5 August 2024 – Despite what we see as a consolidation of the stock markets, nickel pig iron (NPI), an important raw material for stainless steel production, is robust and continues to show a clear upward trend. And the EU CBAM authority is once again proving...

Indonesian nickel ore and NPI prices have risen strongly since start of the year – Stainless Espresso

Aug 2, 2024 | Stainless Espresso

2 August 2024 – Prices for nickel ore and NPI from Indonesia have risen significantly since the beginning of the year. Prices have risen by almost 50%, particularly for laterite nickel ore with a high nickel content. And a turnaround in key interest rates in...