Stainless Espresso: Is the EC moving away from the EU steel lobby?
Is the European Commission distancing itself from the EU steel lobby? The EC seems to have a new focus when deciding on a possible extension of EU Safeguard measures. Which a recent video with Executive Vice President Vladis Dombrovskis suggests (video in article)....
Stainless Espresso: Scrap prices over 500 $ per ton
After inflation concerns in the U.S., non-ferrous metals have weakened on the LME and SHFE. On the other hand, iron ores continue their upward trend and have risen above $235 per ton. In addition, steel and scrap prices are unimpressed and continue to rise. A ton of...
Stainless Espresso: EU steel prices up again – no more spot offers
European steel prices have risen by 81% since November 2020 and steelmakers’ margins have also increased by 300% despite massive increases in raw material prices. In addition, EU steelmakers are apparently no longer offering on the spot market. EU steel prices...
Stainless Espresso: Nickel stable again after profit taking
After falling by almost 2.5% on Monday, nickel is already picking up again today (Tuesday), gaining almost $200 per ton on the LME. And in a webinar of the Turkish Steel Exporters Association (ÇIB), the European Commission was urged to end the Safeguard measures on...