Aug 1, 2024 | Stainless Espresso
1 August 2024 – Asian nickel futures rose again today, Thursday. Nickel prices on the Chinese spot markets are also continuing their rise. And a first interest rate cut by the US Federal Reserve is approaching and is expected in September. Source
Jul 31, 2024 | Stainless Espresso
31 July 2024 – The Indonesian Nickel Miners Association (APNI) yesterday announced the launch of an Indonesia Metals Exchange (IME). Nickel prices react with jumps of more than 5.5% to APNI announcement. And an expected decline in stainless steel prices in Asia...
Jul 30, 2024 | Stainless Espresso
30 July 2024 – Last week, EUROFER published its Economic and Steel Market Outlook for 2024/2025 (Q2 Report). If you read it without reflection, you might think that the EU steel industry is still struggling. But is that really the case? Or is this just an...
Jul 29, 2024 | Stainless Espresso
29 July 2024 – Spot market prices for Chinese stainless steel, especially for hot-rolled coil, rose on Monday. But stainless steel scrap is also showing rising prices. Asian stock exchanges, above all the Japanese Nikkei 225, are jumping upwards. And a large New...
Jul 26, 2024 | Stainless Espresso
26 July 2024 – Asian commodity markets are looking friendly on Friday, supported by positive developments in the US economy and housing construction there. And China’s renewable energies exceed installed coal capacities for the first time. Source
Jul 25, 2024 | Stainless Espresso
25 July 2024 – The price trend for stainless steel scrap continues to rise. Asian stainless steel futures rise by 1.8%. China initiates review procedure for anti-dumping measure. And Turkey imports more stainless steel again. Source
