British steel giants demand: Stop scrap exports now! – Stainless Espresso

Dec 8, 2023 | Stainless Espresso

8 December 2023 – British steel manufacturers see their supply of ferrous scrap under threat and are calling on the government to drastically reduce exports of scrap from the UK. And Mexico benefits from the economic strength of the United States. Source

US construction boom continues: 17 months of non-stop growth! – Stainless Espresso

Dec 7, 2023 | Stainless Espresso

7 December 2023 – The US construction boom in the non-residential construction sector continues for the 17th consecutive month. Construction activity in the manufacturing sector is even up by more than 71% year-on-year. This is pushing up steel prices in the...

German Stock Index DAX on Record Hunt: All-Time High Reached! – Stainless Espresso

Dec 6, 2023 | Stainless Espresso

December 6, 2023 – Sensation at the German stock exchange: The DAX reached an all-time high yesterday! In November, it gained almost 10% – a real boom! And the US job market is slightly relaxing: Good news for the markets. Source

Watch out for the trap! CURIA judgement warns of costly mistakes in trade – Stainless Espresso

Dec 5, 2023 | Stainless Espresso

5 December 2023 – Harsh ruling by the Court of Justice of The European Union: Blind trust can be expensive. A European company that was the victim of fraud with false indications of origin must still pay a fine. And Indonesia files another WTO complaint against...

US Economy: Chicago PMI Makes Huge Jump! – Stainless Espresso

Dec 4, 2023 | Stainless Espresso

December 4, 2023 – The Chicago Purchasing Managers’ Index (PMI) makes a tremendous leap in November, and the US economy scores points in other areas as well. Moreover, the WTO teaches the EU a lesson: Climate protection yes, but fair and thoughtful!...

Little hope of a deal? EU-US Global Arrangement on Sustainable Steel still shaky – Stainless Espresso

Dec 1, 2023 | Stainless Espresso

1 December 2023 – Even after the EU Trade Council meeting, there still seems to be no solution to the steel and aluminium dispute between the EU and the United States. And the LME wins legal dispute over millions of euros in legal action for suspension of nickel...