India's new love for Russia, stainless steel makers position themselves clearly9 February 2023 – Indian stainless steel producers did not just realise their love for Russia yesterday, and even in times of Western sanctions they are happy to circumvent them. And at the same time they are striving for a free trade agreement with the European Union. Can this work from a moral point of view alone? The German government is working hard on new steel subsidies for its ailing steel producers. And seems to be overtightening the subsidy screw in the process. Will Federal Economics Minister Robert Habeck now get his own “toll” moment? Nickel and molybdenum stable at partly extremely high levels. Source