Chinese stainless steel spot market prices up – Stainless Espresso

Jul 29, 2024 | Stainless Espresso

29 July 2024 – Spot market prices for Chinese stainless steel, especially for hot-rolled coil, rose on Monday. But stainless steel scrap is also showing rising prices. Asian stock exchanges, above all the Japanese Nikkei 225, are jumping upwards. And a large New...

Friendly Asian commodity markets and strong US economy – Stainless Espresso

Jul 26, 2024 | Stainless Espresso

26 July 2024 – Asian commodity markets are looking friendly on Friday, supported by positive developments in the US economy and housing construction there. And China’s renewable energies exceed installed coal capacities for the first time. Source

Stainless steel scrap price trend continues to rise – Stainless Espresso

Jul 25, 2024 | Stainless Espresso

25 July 2024 – The price trend for stainless steel scrap continues to rise. Asian stainless steel futures rise by 1.8%. China initiates review procedure for anti-dumping measure. And Turkey imports more stainless steel again. Source

After flooding: Aluminium in Europe is becoming scarce – Stainless Espresso

Jul 24, 2024 | Stainless Espresso

24 July 2024 – After severe flooding at the beginning of July, several aluminium plants in Switzerland had to declare force majeure and cease production. Aluminium is already becoming scarce in some industrial sectors. And has the United Nations declared war on...

SIMBARA: Indonesia launches nickel and tin online tracking system – Stainless Espresso

Jul 23, 2024 | Stainless Espresso

23 July 2024 – In the fight against illegal nickel mining and to improve state revenues, Indonesia has expanded its online tracking system SIMBARA from coal to nickel. Copper demand is likely to continue to rise significantly in the medium term, Chinese copper...