by Gerber Group | May 12, 2021 | Stainless Espresso
European steel prices have risen by 81% since November 2020 and steelmakers’ margins have also increased by 300% despite massive increases in raw material prices. In addition, EU steelmakers are apparently no longer offering on the spot market. EU steel prices...
by Gerber Group | May 11, 2021 | Stainless Espresso
After falling by almost 2.5% on Monday, nickel is already picking up again today (Tuesday), gaining almost $200 per ton on the LME. And in a webinar of the Turkish Steel Exporters Association (ÇIB), the European Commission was urged to end the Safeguard measures on...
by Gerber Group | May 10, 2021 | Stainless Espresso
Following a fire (Video) at Taiwanese steel producer Yieh United Steel Corp (YUSCO), new offers for stainless steel from Taiwan have again been delayed in many areas. Germany’s export engine is humming for the eleventh month in succession. And iron ore continues...
by Gerber Group | May 9, 2021 | Stainless Espresso
Some interesting market data await us in the coming week. Politically it should remain quiet – but you never know. In addition, stainless steel prices picked up significantly last week, as we expected. IHS Markit offers an exciting outlook for the coming week....
by Gerber Group | May 8, 2021 | Stainless Espresso
The GCC have announced that the Gulf Cooperation Council countries have issued definitive Safeguard Measures on certain steel products. And scrap prices worldwide continue to rise sharply and could exceed $500 per ton. GCC to set definitive steel safeguard measures...
by Gerber Group | May 7, 2021 | Stainless Espresso
Commodity prices are rising and rising. And are being further fueled by demand from China. In Europe, EUROFER announces how badly the European steel sector is doing. And in the same breath, EU steelmakers are cheering record profits. In addition, the US downstream...
