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Steel and aluminum: 12th sanctions package against Russia – Stainless Espresso

Nov 20, 2023 | Stainless Espresso

20 November 2023 – The EU is negotiating new sanctions against Russia. The 12th package will now also include diamonds and probably also Russian aluminum. At the same time, forces in the EU are trying to negotiate exemptions for Russian steel. While the European...

US and China move closer again, EU once again lags behind – Stainless Espresso

Nov 17, 2023 | Stainless Espresso

17 November 2023 – The United States and China are drawing closer again following bilateral talks on the sidelines of the Asia-Pacific Economic Community (Apec) summit in San Francisco. And Chinese industrial production continues to grow in October. Especially...

CBAM: More than 10 billion euros damage to EU industry per year? – Stainless Espresso

Nov 16, 2023 | Stainless Espresso

16 November 2023 – A huge total economic loss of more than 10 billion euros per year is likely to be incurred by EU industry due to incorrect assumptions made by the European Commission when developing the CO2 border adjustment tax CBAM. And the US steel...

Low US inflation, positive sentiment, Europe trending upwards – Stainless Espresso

Nov 15, 2023 | Stainless Espresso

15 November 2023 – The surprisingly low US inflation data has amazed analysts positively. At the same time, good data comes from Europe. And the German share index DAX reacted with a price firework. In addition, the mood in the German economy brightened...

US and Indonesia work on strategic partnership – Stainless Espresso

Nov 14, 2023 | Stainless Espresso

14 November 2023 – US and Indonesia are working on a closer strategic partnership. And while the United States and Indonesia are considering more economic cooperation, the EU is only watching from the sidelines. US banks show strength and Goldman Sachs sees...

Chinese steel mills improve profits, exports rise – Stainless Espresso

Nov 13, 2023 | Stainless Espresso

13 November 2023 – Chinese steel mills were able to expand production after a significant increase in profits. However, strict environmental regulations are unlikely to allow for much production expansion. Chinese exports, particularly to the EU and the Middle...
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