by Gerber Group | Aug 5, 2021 | Stainless Espresso
August 5, 2021 – China is increasingly reliant on aluminum imports and has become a net importer of aluminum over the past year. A trend that continues apace, prompting questions about whether the Chinese government will next tighten the thumbscrews on aluminum...
by Gerber Group | Aug 4, 2021 | Stainless Espresso
August 4, 2021 – Chinese stainless steel prices are currently fluctuating at a high level and this is expected to continue not only in China but also worldwide. There are increasing reports that the crisis in the automotive industry, triggered by a shortage of...
by Gerber Group | Aug 3, 2021 | Stainless Espresso
August 3, 2021 – According to an estimate by Bloomberg, steel consumption in the United States will be around 104 million tons in 2021, followed by an estimated consumption of 108 million tons in 2022. This compares with domestic steel production of just 87...
by Gerber Group | Aug 2, 2021 | Stainless Espresso
August 2, 2021 – Difficult economic data and new regulations by the Chinese government sent Asian stock markets temporarily into a tailspin today. Western commodity exchanges unimpressed by Chinese data. Tight supply situation for aluminium continues to drive...
by Gerber Group | Jul 31, 2021 | Stainless Espresso
Taiwanese stainless steel producers are raising prices, some dramatically, for August 2021. And the South American steel market remains stunned after the end of Chinese export rebates on various steel products. Taiwanese stainless steel producers drastically increase...
by Gerber Group | Jul 30, 2021 | Stainless Espresso
July 30, 2021 – As we previously reported, the Chinese government has implemented its intention and imposed new export taxes and ended export rebates. Particularly affected are ferrochrome exports and 23 steel products, where export rebates have been completely...
by Gerber Group | Jul 29, 2021 | Stainless Espresso
July 29, 2021 – Chinese steel and stainless steel prices rose again today, even if analysts had already again sung farewells to the Chinese market. Aluminum, nickel and other important values further in the plus. India and Brazil increasingly focus on the...
by Gerber Group | Jul 28, 2021 | Stainless Espresso
July 28, 2021: Criticism of the European Commission’s three-year extension of the EU Safeguard measures continues unabated. The EU economy is being severely damaged by supply bottlenecks; in Germany alone the estimated losses amount to more than 25 billion...
by Gerber Group | Jul 27, 2021 | Stainless Espresso
Rising ferrochrome prices are pulling up domestic stainless steel producers’ August 2021 alloy surcharges significantly in the EU. By up to 10%. Nickel ore prices close to all-time high. Demand for 300 series stainless steel in 2021 up more than 35%...
by Gerber Group | Jul 26, 2021 | Stainless Espresso
As market sources tell us, there is hot speculation in China about coming steel export taxes. There is talk of export taxes on HRC and CRC products in the range of 11 to 20%. Nickel and stainless steel prices continue to rise significantly. Stainless steel spot prices...
