New Chinese work plan to limit steel production – Stainless Espresso

Sep 5, 2023 | Stainless Espresso

5 September 2023 – The Chinese government presented its “Work Plan for Steady Growth of the Iron and Steel Industry” at the end of August. Market participants expect a drastic reduction in crude steel production from October. And Mexico’s...

Steel: EU sanctions against Russian intermediate products – Stainless Espresso

Sep 4, 2023 | Stainless Espresso

4 September 2023 – From the end of September, new EU sanctions against Russian steel products will come into force – this time against steel and iron precursors in finished products. The latest US labour market data point to easing and Asian nickel prices...

Nickel prices start September 2023 on a positive note – Stainless Espresso

Sep 1, 2023 | Stainless Espresso

1 September 2023 – Asian nickel prices rose on September 1. Tight availability and strong demand appear to be the driving forces here. Freight rates from Asia to North America have jumped, in some cases significantly, indicating an increase in demand there. And...

Indonesian nickel ore capacities already exhausted? – Stainless Espresso

Aug 31, 2023 | Stainless Espresso

August 31, 2023 – After some significant price jumps for Indonesian nickel ore due to a shortage of raw materials, the first companies now appear to be buying from the Philippines to cover their requirements. And Asian raw material prices continue to develop...

EU stainless steel producers with order books filling up – Stainless Espresso

Aug 30, 2023 | Stainless Espresso

30 August 2023 – EU stainless steel producers’ order books are currently filling up and delivery times have also shifted dramatically towards the end of 2023. Taiwanese stainless steel prices for September to rise. Asian NPI prices up as much as 8% in...