Jan 12, 2024 | Stainless Espresso
12 January 2024 – Rising nickel prices and a stable development in stainless steel in Asia have filled manufacturers’ order books well. Market sources also report a significant increase in demand from the United States and Europe. Source
Jan 11, 2024 | Stainless Espresso
January 11, 2024 – Russia has extended its scrap export restrictions and the corresponding quotas until mid-2024. Increasing demand for stainless steel scrap in China. And Mexico’s economy is benefiting greatly from US nearshoring activities. Source
Jan 10, 2024 | Stainless Espresso
10 January 2024 – Now that freight rates from India have jumped by up to 400%, even for routes that do not touch the Red Sea, the question arises as to whether shipping lines are shamelessly exploiting the situation. Is this threatening them with a political and...
Jan 9, 2024 | Stainless Espresso
9 January 2024 – Australia’s nickel industry is stumbling and has already identified a culprit: Xiang Guangda, also known as “Big Short”, the owner of Tsingshan Holdings. Necessary clean-up at the steel trading giants? Thyssenkrupp and Klöckner...
Jan 8, 2024 | Stainless Espresso
8 January 2024 – The European stainless steel market has started 2024 with an optimistic outlook and sees a great deal of pent-up demand coming from the domestic industry. Local steel manufacturers are being overwhelmed by a flood of imports from China, while at...
Dec 29, 2023 | Stainless Espresso
29 December 2023 – Shortly before Christmas, on 22 December 2023, the European Commission published the default data for the upcoming CBAM declarations from January 2024. The Commission had already published the basic studies on this in June 2022 and September...
