Stainless Espresso: Nickel stable at the start of the trading day

May 6, 2022 | Stainless Espresso

6 Mai 2022 – Despite the fact that some publishers of market data had displayed incorrect LME closing prices and thus caused some unrest, nickel prices on the LME started the trading day stable. EC submits final proposal for autonomous tariff rate quotas....

Stainless Espresso: Fed raises interest rates – markets and base metals react positively

May 5, 2022 | Stainless Espresso

5 May 2022 – As expected, the US Federal Reserve (Fed) announced a rate hike of 50 basis points to 1%. Markets and base metals react positively to the decision. HRC and stainless steel prices rise. And he who buys cheap buys twice – Beware of fraud in...

Stainless Espresso: Hedge funds try to push down commodity prices

May 4, 2022 | Stainless Espresso

4 May 2022 – Hedge funds and investment firms like to bet on falling prices on the commodity exchanges and at the same time invest in large media companies. With the right news, they can quickly reap rich profits for their investors. Positive market data despite...

Stainless Espresso: Nickel production surplus unlikely in 2022?

May 3, 2022 | Stainless Espresso

3 May 2022 – The International Nickel Study Group (INSG), which consists mainly of consumer countries, announced in April 2022 that it assumed a nickel production surplus for 2022. The INSG had already significantly overestimated the situation in 2021. This...

Stainless Espresso: Stainless steel prices in the EU continue to rise

May 2, 2022 | Stainless Espresso

2 May 2022 – After the EU stainless steel producers had already increased the alloy surcharges for May, a large Italian stainless steel producer is now following suit and increasing prices by more than 43% in some cases. Nickel production remains under pressure...

Stainless Espresso: Stainless steel producer loses EU anti-dumping case

Apr 29, 2022 | Stainless Espresso

29 April 2022 – In the seven-year old case before the EU Court of Justice against the EU anti-dumping measure on flat-rolled stainless steel imports from Taiwan and China, the plaintiff has suffered a final defeat in the second instance. Temperatures of more...