Nov 23, 2022 | Stainless Espresso
23 November 2022 – Was the Indian export tax on steel just a diversionary tactic? Nickel prices rose by more than 4% on Tuesday. Stainless steel spot prices rise in China. Italian rolling mills and service centres start buying spree. And scrap demand and price...
Nov 22, 2022 | Stainless Espresso
22 November 2022 – The first publications of stainless steel alloy surcharges for December already indicate a further increase. Particularly in the United States, there is a clear upward trend. Indonesia loses WTO nickel dispute against European Union and wants...
Nov 21, 2022 | Stainless Espresso
21 November 2022 – The US government last Friday imposed sanctions on several Russian- and Belarusian-owned nickel mining companies. Stainless steel futures in Asia rise 1.5%. The STOXX 600 gives EU companies a positive tailwind. And India is taking an early hit...
Nov 18, 2022 | Stainless Espresso
18 November 2022 – SHFE nickel contracts were again resilient to the chaos on the LME in Friday trading. World Steel sees demand growth for steel in many regions for 2022, but especially for 2023, despite challenges, and Indonesia approaches Canada at G20 summit...
Nov 17, 2022 | Stainless Espresso
17 November 2022 – A lot of volatility in nickel contracts after they had recently risen by almost 40%. Was the lack of liquidity on the LME nickel market to blame? Or the LME itself? Emptying stainless steel stocks in China, strong ferronickel and nickel pig...
Nov 16, 2022 | Stainless Espresso
16 November 2022 – European alloy surcharges for December 2022 are currently hitting a raging nickel, expensive scrap, predictable ferro-chrome values and jumping ferro-molybdenum prices, battling it out with the strengthening euro for the strongest influence....
