The European ANGST of stainless steel from Indonesia – Stainless Espresso
6 September 2023 – It must reek of cold sweat of fear in the boardrooms of European stainless steel producers. towards the nickel and stainless steel giant Indonesia certainly seems to be enormous. Source
New Chinese work plan to limit steel production – 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
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
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...