Sep 7, 2021 | Stainless Espresso
September 7, 2021 – According to the latest reports, China will cut steel production until at least March 2022. It is worth noting that this time the order will be issued at national Chinese level rather than the traditional local level. EU steel prices for...
Sep 6, 2021 | Stainless Espresso
September 6, 2021 – A coup took place in the African state of Guinea over the weekend. Guinea is also considered China’s most important bauxite supplier. Aluminum prices on SHFE and LME are already reacting. Stainless steel futures have risen sharply today...
Sep 5, 2021 | Stainless Espresso
September 5, 2021 – Chinese Nickel pig iron (NPI) prices have climbed to a new high despite further production cuts for Chinese stainless steel mills in August and September 2021, which should further underline the shortage of NPI and nickel ore. And steel...
Sep 3, 2021 | Stainless Espresso
September 3, 2021 – The green transformation in Europe is coming. But so far no one knows where the energy and hydrogen will come from. A German steel mill alone would need 3,000 wind turbines to meet its energy needs. Will Chinese anti-dumping duties on...
Sep 2, 2021 | Stainless Espresso
September 2, 2021 – An agreement in the EU-U.S. steel dispute is expected before the end of the year. Is the U.S. government preparing to negotiate with a proposal already rejected by the EU – a quota solution? Commodity markets for base metals continue to...
Sep 1, 2021 | Stainless Espresso
September 1, 2021 – The overall picture on the world raw material markets today is unchanged from the last few days. We are therefore very brief today. The attitude on the raw material markets is wait-and-see. Demand for nickel and aluminum is likely to lead to...
Aug 31, 2021 | Stainless Espresso
August 31, 2021 – Indian aluminum producers are running out of energy, according to recent press reports, after Coal India Ltd drastically reduced coal supplies without notice. In China, six other stainless steel producers in Guangxi province are having to cut...
Aug 30, 2021 | Stainless Espresso
August 30, 2021 – Chinese aluminum manufacturers have to look for new energy sources. Aluminum prices at 15 year high. Fed to pursue market-friendly quantitative easing. Nickel and stainless steel are rising sharply. Shortage: Stainless steel prices in Europe...
Aug 27, 2021 | Stainless Espresso
August 27, 2021 – As reported by the Association of German Chambers of Industry and Commerce (DIHK), 49% of companies in Germany have difficulties procuring steel. The Ifo Institute even says that 70% of companies are unable to procure sufficient starting...
Aug 26, 2021 | Stainless Espresso
Nickel fundamentals remain positive. While BHP expects a demand growth of 500% for battery nickel, a Chinese producer stops production. Nickel futures on LME and SHFE seem to have noticed this as well. The World Bureau of Metal Statistics has identified a shortfall of...
