by Gerber Group | May 11, 2021 | Stainless Espresso
After falling by almost 2.5% on Monday, nickel is already picking up again today (Tuesday), gaining almost $200 per ton on the LME. And in a webinar of the Turkish Steel Exporters Association (ÇIB), the European Commission was urged to end the Safeguard measures on...
by Gerber Group | May 10, 2021 | Stainless Espresso
Following a fire (Video) at Taiwanese steel producer Yieh United Steel Corp (YUSCO), new offers for stainless steel from Taiwan have again been delayed in many areas. Germany’s export engine is humming for the eleventh month in succession. And iron ore continues...
by Gerber Group | May 9, 2021 | Stainless Espresso
Some interesting market data await us in the coming week. Politically it should remain quiet – but you never know. In addition, stainless steel prices picked up significantly last week, as we expected. IHS Markit offers an exciting outlook for the coming week....
by Gerber Group | May 8, 2021 | Stainless Espresso
The GCC have announced that the Gulf Cooperation Council countries have issued definitive Safeguard Measures on certain steel products. And scrap prices worldwide continue to rise sharply and could exceed $500 per ton. GCC to set definitive steel safeguard measures...
by Gerber Group | May 7, 2021 | Stainless Espresso
Commodity prices are rising and rising. And are being further fueled by demand from China. In Europe, EUROFER announces how badly the European steel sector is doing. And in the same breath, EU steelmakers are cheering record profits. In addition, the US downstream...
by Gerber Group | May 6, 2021 | Stainless Espresso
Two weighty factors in steel production, scrap and iron ore, continue to point upwards in terms of demand and price trends. Scrap: prices up by $42 per tonne Recent purchases by Turkish steel mills have pushed scrap prices up sharply by $42 per ton, sources told...
by Gerber Group | May 5, 2021 | Stainless Espresso
The Stainless Espresso with the most important info for the day. Credit Suisse sees an “exceptional” global steel market in a recent analysis. The rating agency Care Ratings expects another possible price rally for steel in 2022, and Goldman Sachs sees...
by Gerber Group | May 4, 2021 | Stainless Espresso
EU lead times for steel and stainless steel continue to lengthen and now appear to have reached January 2022. India has not yet reached the end of possible EU measures with the anti-dumping case on stainless steel. Nickel prices are rising again. And the Eurozone PMI...
by Gerber Group | May 3, 2021 | Stainless Espresso
Decline in alloy surcharges? Not really. The 400 series has increased between 45% and 100% since the end of 2020. We take an in-depth look at stainless steel alloy surcharges for May 2021. And also ask the really important question: where are stainless steel...
by Gerber Group | May 1, 2021 | Stainless Espresso
Today with two short messages. On Friday the EU announced that they will impose provisional anti-dumping duties on stainless steel cold rolled flat-products originating in India and Indonesia. And there is still not enough movement in global logistics. EU to impose...
