Bonded warehouses are empty, not only in Southern Europe – Stainless Espresso
12 January 2023 – Many bonded warehouses, especially those for steel and stainless steel, are currently empty, according to sources. A good sign? The LME has to make improvements in many places after an independent report on the chaos from March 2022, while at...
Chinese covid peak passed, iron ore in short supply, run on HRC? – Stainless Espresso
11 January 2023 – As the Covid peak in China is passed, the markets are also picking up. This can be seen, among other things, in the demand for iron ore and the scarce availability. At the same time, several countries are reporting emptying stocks at...
Big Shorts Nickel Manipulation Game Continue – Stainless Espresso
10 January 2023 – The next manipulation bang on the nickel market? How Big Short suddenly wants to convert copper plants to nickel production – in the end just hot air? Or is there a double winner here? Stainless steel prices stable and on the rise. And...
Tough battle between steel producers and consumers – Stainless Espresso
9 January 2023 – Tough contract negotiations between EU steel producers and end consumers already at the beginning of the year. A game of press releases, questionable empirical findings, and toxic and dangerous advice with only one goal in mind. Nickel remains...