China: Steel market continues to consolidate – Stainless Espresso

Sep 23, 2024 | Stainless Espresso

23 September 2024 – The Chinese steel market continues to consolidate and appears to be entering a phase of concentration in which smaller and less profitable manufacturers are being acquired in a targeted manner. Will Europe soon follow this trend? And India...

Asian base metals end the week on a positive note – Stainless Espresso

Sep 20, 2024 | Stainless Espresso

20 September 2024 – Base metals on the SHFE commodity exchange showed themselves to be friendly on Friday with rising prices. And European natural gas storage facilities are already 93% full on average and prices, despite some volatility, are now well below the...

EU: Calls for CBAM changes are getting louder – Stainless Espresso

Sep 19, 2024 | Stainless Espresso

19 September 2024 – Calls for urgently needed changes to CBAM are now also growing louder from EU stainless steel manufacturers. There are many indications that this is linked to the extreme shortage of stainless steel scrap. And the power poker for important EU...

Section 232: US government wants to change de minimis import rules – Stainless Espresso

Sep 18, 2024 | Stainless Espresso

September 18, 2024 – The US government yesterday announced a legislative initiative to amend the existing de minimis shipments rules for imports into the United States. This includes potential new rules for products affected by the steel and aluminum tariffs in...

German steel: the moaning has reached a peak – Stainless Espresso

Sep 17, 2024 | Stainless Espresso

17 September 2024 – German steel has once again reached a high point in a crisis that threatens its very existence. That’s what you might think when politicians, trade unions and steel manufacturers meet for a whingeing summit. Instead of taking...