Oct 22, 2021 | Stainless Espresso
October 22, 2021 – At Italian thyssenkrupp subsidiary Acciai Speciali Terni (AST), the signs are currently pointing to a storm. AST apparently wants to impose a high energy cost surcharge – especially for large customers. This has led to massive...
Oct 21, 2021 | Stainless Espresso
October 21, 2021 – Nickel rally: Surprisingly for many, nickel values on the LME and SHFE made massive gains on 20 October. At times they went up by well over 6%, sending nickel on the LME over $21,000 per tonne. In the meantime, things have calmed down again...
Oct 20, 2021 | Stainless Espresso
October 20, 2021 – The government in China may be planning to take action on coal prices. SHFE reacts to this with slight price declines. Overall situation unchanged. However, prices will probably rise again. LME hardly reacts to announcement. Eurostat data show...
Oct 19, 2021 | Stainless Espresso
October 19, 2021 – Goldman Sachs sees the top in the commodity supercycle not yet reached and expects it to continue for quite some time due to lack of capacity. Raw materials for European EV battery market are lacking. And South Africa’s Richards Bay bulk...
Oct 18, 2021 | Stainless Espresso
October 18, 2021 – Metal values on commodity exchanges rose again on Monday due to the global energy crisis. For nickel, aluminium, manganese it goes up. Outliers can definitely be spotted in Zinc and in Coke futures, which shoot up 8 and 9% respectively....
Oct 16, 2021 | Stainless Espresso
October 16, 2021 – Nickel and aluminium, along with copper and zinc, staged a strong rally on Friday. While copper closed at more than $10,000 per tonne and zinc is at more than $3,800 per tonne, nickel briefly jumped back above $20,000. Aluminium joined the...
Oct 15, 2021 | Stainless Espresso
October 15, 2021 – Russian aluminium giant Rusal wants to export more aluminium to China. Italian demand for HRC increases significantly. Is the EU market for heavy plates becoming bullish? And steel scrap prices up more than 8.5%. Rusal to significantly expand...
Oct 14, 2021 | Stainless Espresso
October 14, 2021 – Taiwan has announced its intention to introduce a carbon pricing mechanism by 2023 along the lines of the EU’s carbon border tax (CBAM). Chinese metal imports increased significantly in some cases in September. Copper prices up by more...
Oct 13, 2021 | Stainless Espresso
October 13, 2021 – Chinese aluminium capacity continues to decline. In the EU, the first steel producers have to reduce their EAF production due to rising energy costs. Iron ore rises significantly again. Stainless steel prices are expected to rise in October....
Oct 12, 2021 | Stainless Espresso
October 12, 2021 – The European Commission has concluded the anti-dumping investigation against flat-rolled aluminum products originating in China and set definitive anti-dumping duties of up to 24.6%. At the same time, it has suspended the measure for 9 months...
