Oct 11, 2021 | Stainless Espresso
October 11, 2021 – Prices for steel and aluminum found further support in the United States. Demand for scrap remains firm. Despite subdued demand in some areas, prices remain just below record levels. Freight costs already picking up again after brief dip, as...
Oct 8, 2021 | Stainless Espresso
October 8, 2021 – Following the end of the Chinese national holidays, the stainless steel market have rallied strongly. Contrary to all prophecies of doom and constant scaremongering to stir up fears among market participants, the raw material markets picked up...
Oct 7, 2021 | Stainless Espresso
October 7, 2021 – Where is raw material demand heading in the face of rising energy prices and high freight costs? Posco President wants to decarbonize the steel industry collectively. And spot rates for ocean freight have fallen in the short term. An...
Oct 6, 2021 | Stainless Espresso
October 6, 2021 – The publication of the Pandora Papers, a massive database of dubious tax practices, has once again shown that even EU politicians and officials do not shy away from questionable deals via tax havens. As is well known, we have already had to...
Oct 6, 2021 | Stainless Espresso
October 6, 2021 – In the current situation, stainless steel buyers like to look to the supposedly cheaper bulk freight as an alternative to container transport. But is bulk freight really a solution? SEAISI sees robust growth in steel demand in Asia. Coming U.S....
Oct 5, 2021 | Stainless Espresso
October 5, 2021 – Prices for European stainless steel increased again in September. Looking at the EU alloy surcharges, which have increased by more than 60% in some cases since January 2021, further price increases can be expected on the domestic market in...
Oct 4, 2021 | Stainless Espresso
October 4, 2021 – The LME started the week relatively quiet. In the U.S.-EU steel dispute, the views are still far apart – at least the consensus is that an agreement must be reached. And EU aluminum producers are running out of magnesium in two months,...
Oct 1, 2021 | Stainless Espresso
October 1, 2021 – End of EU-U.S. punitive aluminum tariffs only on condition that Chinese aluminum products are subject to strict import controls? European Commission (EC), however, wants to suspend anti-dumping tariffs on Chinese aluminium flat-rolled. EU steel...
Sep 30, 2021 | Stainless Espresso
September 30, 2021 – Talks between EU and U.S. representatives on trade and technology issues are progressing, but no agreement is yet in sight in the tariff dispute over steel and aluminum. China is taking further measures to secure energy supplies in the...
Sep 29, 2021 | Stainless Espresso
September 29, 2021 – China has drastically reduced its aluminum production in 2021. The government’s measures now add up to more than 3.5 million tons of annual production. SHFE is stepping up its entry into the trillion-dollar business of green...
