Aug 19, 2024 | Stainless Espresso
August 19, 2024 – Hot rolled coil prices for stainless steel in Southeast Asia rose again last week. Prices for nickel pig iron continue to soar. And companies in South Korea, India and Taiwan are reporting significant profit growth for the year to date,...
Aug 9, 2024 | Stainless Espresso
9 August 2024 – Nickel prices in Asia rose by up to 2.5% in some cases on Friday. Nickel prices are also rising on the LME today. And after a significant improvement in sentiment on the US stock markets on Thursday, the Asian markets followed suit on Friday....
Aug 8, 2024 | Stainless Espresso
8 August 2024 – The EU Commission has today initiated anti-dumping proceedings against HRCs from Egypt, India, Japan and Vietnam. Is this again targeting Vietnam in particular? Indonesia wants to ban construction of new coal-fired power plants for nickel...
Aug 7, 2024 | Stainless Espresso
7 August 2024 – The latest WTO annual report forecasts a further increase in world trade for 2024 and also for 2025. Will a new EU anti-dumping investigation against HRC imports be launched in August? And an opinion: LME must urgently adjust nickel stocks...
Aug 6, 2024 | Stainless Espresso
6 August 2024 – The Japanese Nikkei 225 Index jumped by more than 10% on Tuesday. Many other stock indices also showed a very favourable trend today. High-grade nickel reserves in Indonesia to be depleted in around 13 years – Indonesian government suspends...
Aug 5, 2024 | Stainless Espresso
5 August 2024 – Despite what we see as a consolidation of the stock markets, nickel pig iron (NPI), an important raw material for stainless steel production, is robust and continues to show a clear upward trend. And the EU CBAM authority is once again proving...
