Nov 8, 2021 | Stainless Espresso
November 8, 2021 – Stainless steel remains a scarce commodity in Europe. Initial voices are calling for a boycott as a protest against scarce availability and prices. But can that really be a solution? The United States surprised with very good labour market...
Nov 6, 2021 | Stainless Espresso
November 6, 2021 – The last week was dominated by consolidations on the commodity exchanges. In addition, the announcement by the Russian government to lift export taxes on aluminium alloys shook up the market somewhat. The Fed announcement to start tapering was...
Nov 5, 2021 | Stainless Espresso
November 5, 2021 – The Russian government lifted the 15% export tax on aluminium alloys – billets and slabs – at the end of October with 30 days’ notice. The EU raw materials strategy is showing more and more critical problems. The next crisis...
Nov 4, 2021 | Stainless Espresso
November 4, 2021 – US Federal Reserve announces start of tapering. Financial aid to end by mid-2022. Market reacts positively. Stainless steel demand in China picks up due to good sentiment. EU and US aluminium associations dissatisfied with quota solution in...
Nov 3, 2021 | Stainless Espresso
November 3, 2021 – Steel demand is increasing worldwide. One of the reasons is the outlook for 3.3 million tonnes of steel to be sold from Europe to the United States. Asian industries are increasingly coming out of lockdown. Aluminium prices are stabilising....
Nov 2, 2021 | Stainless Espresso
November 2, 2021 – Stainless steel price corrections limited. After coal prices were adjusted in China, other products such as stainless steel and nickel also corrected. However, these corrections are very limited. The United States is flying home with a victory...
