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Spanish stainless steel mill is not coming to rest – Stainless Espresso

May 30, 2024 | Stainless Espresso

30 May 2024 – The stainless steel mill under strike in Spain is not coming to rest. Group management has now announced new measures, adding fuel to the fire. Rising prices for stainless steel scrap and stainless steel products expected for June 2024....

Asian stainless steel mills lament nickel shortage – Stainless Espresso

May 29, 2024 | Stainless Espresso

29 May 2024 – The increasingly obvious nickel shortage, particularly in the stainless steel sector, is already causing some formats to become scarce, according to Southeast Asian market voices. And Europe’s stock market is attracting significantly more...

Are stainless steel alloy surcharges coming to an end? – Stainless Espresso

May 28, 2024 | Stainless Espresso

28 May 2024 – The sudden end of the European benchmark price for ferrochrome may have heralded the end of the fanciful stainless steel alloy surcharges. What happens next? And the prices for base metals on the LME are friendly and rising at the start of trading....

Will German steel giant fire up Russian natural gas again? – Stainless Espresso

May 27, 2024 | Stainless Espresso

27 May 2024 – The takeover of parts of thyssenkrupp Steel Europe by the Czech energy group EPH was only possible last week thanks to the use of the second voting right of the Chairman of the Supervisory Board of thyssenkrupp AG. Can Germany even afford to exert...

Nickel shortage already greater than previously assumed? – Stainless Espresso

May 24, 2024 | Stainless Espresso

24 May 2024 – The shortage of processed nickel may already be significantly higher than previously assumed. At least according to figures from recent media reports, which indicate a 30% increase in the nickel supply gap for March 2024. And the sentiment...

Profit taking: Raw materials take a breather – Stainless Espresso

May 23, 2024 | Stainless Espresso

23 May 2024 – Profit-taking has led to slight to moderate price corrections in raw materials such as copper, nickel and aluminum. Overall, however, base metals remain at a significantly higher level. And China imported 38% more stainless steel in the first five...
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Gerber Steel South-West

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