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US stainless steel prices continue to rise in May – Stainless Espresso

May 2, 2024 | Stainless Espresso

2 May 2024 – US stainless steel prices continue to rise in May. FED maintains interest rate level. Asian stock markets are friendly. And will thyssenkrupp sell up to 50% to Czech investor? Source

First ECB interest rate cut expected for early June 2024 – Stainless Espresso

Apr 30, 2024 | Stainless Espresso

30 April 2024 – The ECB is expected to cut interest rates for the first time at the beginning of June 2024 despite a slight increase in inflation data. Chinese property stocks provide positive impetus. And the EPP Christian Democrats show once again what...

Will the ailing steel group from Essen finally be entrepreneurially managed? – Stainless Espresso

Apr 29, 2024 | Stainless Espresso

29 April 2024 – 20% of the ailing steel group Thyssenkrupp Steel Europe is to be sold to an investor from the Czech Republic. Is this the end of communist trade union rule? The FDP lead candidate for the upcoming European elections, Marie-Agnes...

German steel production jumps significantly – Stainless Espresso

Apr 26, 2024 | Stainless Espresso

26 April 2024 – German steel production emerges from the vale of tears and more than doubles in some cases. In China, stocks of steel products are emptying. And Taiwan expects a sustained upward trend for stainless steel. Source

WTO members sharply criticise EU Safeguard Review – Stainless Espresso

Apr 25, 2024 | Stainless Espresso

25 April 2024 – Several WTO members have recently criticised the current EU Safeguard Review on certain steel products, in some cases sharply. And the German ifo Business Climate Index points to significantly more optimism in the economy – for the third...

Europe’s economy continues to gain momentum – Stainless Espresso

Apr 24, 2024 | Stainless Espresso

24 April 2024 – Europe’s economy is gaining momentum. This is shown by the recent surprisingly strong purchasing managers’ indices. And Israel is discussing a draft law to introduce restrictions on the export of iron and steel scrap. Source
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