Mar 23, 2022 | Stainless Espresso
23 March 2022 – According to media reports, the Chinese steel region Tangshan is once again in lockdown. With 130 million tonnes of crude steel production per year, the region is one of the most important steel producers in the world. SHFE nickel prices close up...
Mar 22, 2022 | Stainless Espresso
March 22, 2022 – The London Metal Exchange (LME) has again yesterday, Monday, the chaos in nickel trading not really under control and had to cancel trades for the third time. The chaos holds more and more parallels to the German Wirecard scandal from 2020....
Mar 21, 2022 | Stainless Espresso
1 March 2022 – The exploded nickel prices after the failed Tsingshan speculation continue to be artificially adjusted. On Monday, the LME and SHFE almost reached parity in the price of a tonne of nickel. LME shareholders affected? LME CEO sees banks as partly to...
Mar 18, 2022 | Stainless Espresso
18 March 2022 – There are increasing voices that the owners of the London Metal Exchange have only intervened in nickel trading to save themselves and certain parts of their cronies. Real trading does not seem to be taking place on the LME with regard to nickel....
Mar 17, 2022 | Stainless Espresso
Anti-subsidy duties not unexpected, but justification highly political. On 16 March 2022, the EU announced that it will impose anti-subsidy duties on imports of cold-rolled stainless steel from India and Indonesia. These are market protection duties of more than 40%...
Mar 17, 2022 | Stainless Espresso
March 2022 – The EU has imposed sanctions on steel from Russia and Belarus. At the same time, it has redistributed Safeguard quotas on certain steel products for these countries. The nickel trade remains the dominant topic on the LME. And the US Federal Reserve...
