Molybdenum prices at record high, supply tight – Stainless Espresso

by Gerber Group | Feb 3, 2023 | Stainless Espresso

3 February 2023 – Molybdenum prices continue to rise. Pure molybdenum is more than $100,000 per tonne. Supply will be tight for years. Stainless steel producers already have to wait for molybdenum supplies. Molybdenum now also in hydrogen electrolyzers? Chromium...

EUROFER: How much money more? And who actually pays for it? – Stainless Espresso

by Gerber Group | Feb 2, 2023 | Stainless Espresso

2 February 2023 – The EU’s steel producers are worth an extra 325 billion euros over the next ten years alone. At the same time, European steel buyers are being asked to pay for free ETS certificates. And already more demands are coming from EUROFER....

Countervailing Duties against Chinese Stainless Steel? – Stainless Espresso

by Gerber Group | Feb 1, 2023 | Stainless Espresso

1 February 2023 – The Indian government’s review process on countervailing duties (CVD) against Chinese stainless steel finally seems to be moving forward. The Indian stainless steel industry is eagerly awaiting the upcoming date. Molybdenum prices break...

Taiwanese stainless steel producers raise prices – Stainless Espresso

by Gerber Group | Jan 31, 2023 | Stainless Espresso

31 January 2023 – Taiwanese stainless steel producers are raising prices across the board. Raw materials lobbying becomes a top priority in Germany. Philippines considers introducing nickel export tax. And WTO panel makes no headway in steel dispute between...

Greedy for Scrap – Now EU Critical Raw Material? – Stainless Espresso

by Gerber Group | Jan 30, 2023 | Stainless Espresso

30 January 2023 – Has the greed for scrap now broken out in Europe? How the EU steel lobbies are positioning themselves in the green shadow of the wind energy producers to whose demise they have contributed for years. Washington wants to appeal against the WTO...

WTO: Indonesia brings EU stainless steel market protection measures before DSB – Stainless Espresso

by Gerber Group | Jan 27, 2023 | Stainless Espresso

27 January 2023 – The EU has imposed high anti-dumping and countervailing duties on stainless steel imports from Indonesia. The Indonesian government has now filed a request for consultations with the WTO to fight this. And Europe is reporting strong order...

Stocks already empty? Stainless steel demand jumps up – Stainless Espresso

by Gerber Group | Jan 26, 2023 | Stainless Espresso

26 Januar 2023 – At the beginning of December there were already signs of a new shortage of stainless steel from January 2023. Currently, there are many indications that the upward jump in demand is already greater than the supply. And the electric vehicle...

Russian nickel producer expects further drop in output – Stainless Espresso

by Gerber Group | Jan 25, 2023 | Stainless Espresso

25 January 2023 – Major Russian nickel miner Nornickel, which mines platinum, palladium and copper as well as nickel, expects production to drop further in 2023. Copper prices at highest level in seven months. Will the UK now get its own carbon border tax to pay...

Stainless steel alloy surcharges for February 2023 rise sharply – Stainless Espresso

by Gerber Group | Jan 24, 2023 | Stainless Espresso

24 January 2023 – EU and US stainless steel alloy surcharges are rising in February 2023, in some cases by double digits, and are already above the 2022 average. Has the dispute over steel tariffs between the European Union and the United States reached an...

Ferrochrome prices rise, outlook alloy surcharges – Stainless Espresso

by Gerber Group | Jan 23, 2023 | Stainless Espresso

23 January 2023 – Lower energy costs, rising raw material prices and significantly increased demand dominate the stainless steel market. Chrome ore and ferrochrome prices in particular have recently increased significantly. But the upward trend is currently also...