Stainless Espresso: GCC Safeguard measures, and scrap is up again
The GCC have announced that the Gulf Cooperation Council countries have issued definitive Safeguard Measures on certain steel products. And scrap prices worldwide continue to rise sharply and could exceed $500 per ton. GCC to set definitive steel safeguard measures...
Stainless Espresso: Caught between record profits and scarce steel
Commodity prices are rising and rising. And are being further fueled by demand from China. In Europe, EUROFER announces how badly the European steel sector is doing. And in the same breath, EU steelmakers are cheering record profits. In addition, the US downstream...
Stainless Espresso: Scrap and iron ore continue upward trend
Two weighty factors in steel production, scrap and iron ore, continue to point upwards in terms of demand and price trends. Scrap: prices up by $42 per tonne Recent purchases by Turkish steel mills have pushed scrap prices up sharply by $42 per ton, sources told...
Stainless Espresso: The extraordinary global steel market
The Stainless Espresso with the most important info for the day. Credit Suisse sees an “exceptional” global steel market in a recent analysis. The rating agency Care Ratings expects another possible price rally for steel in 2022, and Goldman Sachs sees...