Oct 3, 2023 | Stainless Espresso
3 October 2023 – The Chinese economy continued to stabilise in September 2023. This is shown by the latest PMI data for the manufacturing and service sectors in China. Aluminium stocks continued to fall due to stable and growing demand from China. Source
Oct 2, 2023 | Stainless Espresso
2 October 2023 – The EU Carbon Border Tax CBAM launched on 1 October is already proving to be unfinished at the start. Not even all competent authorities in the member states have been determined. German authorities clueless about CBAM? Positive: And the US ISM...
Sep 29, 2023 | Stainless Espresso
29 September 2023 – New EU sanctions against Russian steel products will come into force on 30 September, requiring manufacturers to prove that their processed products do not contain Russian steel. This is likely to affect India in particular. In China, the...
Sep 25, 2023 | Stainless Espresso
25 September 2023 – Poland has filed a lawsuit with the European Court of Justice against the EU regulations on CO2 allowance trading, the Market Stability Reserve and the CO2 Carbon Border Tax CBAM, which is due to start in October 2023. And on 26 September,...
Sep 22, 2023 | Stainless Espresso
22 September 2023 – EU gas prices have continued to fall this week, which should help the manufacturing industry. In South Korea, a large stainless steel plant will cease production at the end of the month. And Indonesia is not allocating any new mining quotas...
Sep 21, 2023 | Stainless Espresso
21 September 2023 – The US Federal Reserve yesterday (Wednesday) raised its growth forecast for the US economy to 2.1% this year and also expects growth of at least 1.5% in 2024. A major Chinese stainless steel mill is down for several weeks due to a change in...
