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Call for: Massively restrict the power of the EU steel lobby – Stainless Espresso

Nov 27, 2024 | Stainless Espresso

27 November 2024 – In the fight against the escalating influence of the EU steel lobby, Thorsten Gerber, CEO of the Gerber Group, has once again met with members of the European Parliament and called for a restriction of the power of steel manufacturers in the...

Excessive bureaucracy costs Germany 146 billion euros a year – Stainless Espresso

Nov 25, 2024 | Stainless Espresso

25 November 2024 – According to a recent study by the ifo Institute, German bureaucracy destroys 146 billion euros in economic output per year – the main cause of the excessive bureaucracy can be found in Brussels! And reporting season in the USA:...

Positive US economic data drive S&P 500 on course for success – Stainless Espresso

Nov 22, 2024 | Stainless Espresso

22 November 2024 – The leading US index, the S&P 500, has gained an impressive 33% in euros including dividends since the start of the year. This development reflects the strength of the US economy. And European recycling association calls for a move away...

Good prospects for the US construction industry in 2025 – Stainless Espresso

Nov 21, 2024 | Stainless Espresso

21 November 2024 – Analysts see a potentially good year ahead for the US construction industry in 2025. Up to double-digit growth rates in new construction are expected in parts of the United States. Iron ore and nickel prices continue to rise. And EU steel...

SHFE nickel prices rose on Wednesday – Stainless Espresso

Nov 20, 2024 | Stainless Espresso

20 November 2024 – Nickel prices on the SHFE rose by around 1.8% on Wednesday. Nickel on the LME also rose significantly at the start of trading. Reports of falling nickel mining quotas are coming from Indonesia. And iron ore prices in China continued to rise on...

China eliminates export tax rebates for aluminum – Stainless Espresso

Nov 19, 2024 | Stainless Espresso

19 November 2024 – The Chinese government has scrapped the export tax rebates of 13% for aluminum and copper. But photovoltaics and batteries will also have lower export rebates in future. And Asian iron ore prices rose again today (Tuesday), in some cases by...
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Gerber Steel South-West

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