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....
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...
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...
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...
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...
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...
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...
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...
Apr 30, 2021 | Stainless Espresso
Following the cuts in tax rebates for Chinese steel exports, which came as a surprise to many market participants, steel and raw material prices are continuing to rise. Chinese steel prices are expected to increase by up to $250 per ton. New price increases of up to...
Apr 29, 2021 | Stainless Espresso
China cuts tax rebates on 146 steel products and much of the Asian market stops offers. Base metals continue their rally today. And as a bonus, you can now download all HS Codes affected by the tax rebate cuts. Offer stops for steel and steel products in Asia The...
