Scrap and nickel in stronger demand, but still in short supply – Stainless Espresso
28 March 2023 – Chinese nickel demand continues to meet tight availability. And rising scrap prices are reported from Turkey and Europe, meeting strong demand and tight supplies. And economic sentiment in Asia continues to improve. Source
Indian stainless steel products blocked in Antwerp – Stainless Espresso
27 March 2023 – Stainless steel products from India’s Jindal Group are blocked by customs in Antwerp, Europe, because they were apparently destined for Russia. The group is furious, but remains silent on important information about the background. Positive...
SHFE Nickel jumps almost 4% on Friday – Stainless Espresso
24 March 2023 – Nickel prices on the SHFE jumped today, Friday, in some cases by more than 4%. LME is following suit. Stainless steel buyers must now be quick. Market prices and raw material mix show that new price bottom for stainless steel has been reached....
EU CBAM: Will Indian steel become up to 35% more expensive? – Stainless Espresso
23 March 2023 – Things are not going well for Indian steel at the moment. It would like to have a free trade agreement with the EU, but the Carbon Border Tax CBAM could make Indian steel up to 35% more expensive to import into the EU. Trafigura CEO warns that...