Aug 10, 2021 | Stainless Espresso
Germany increases exports in June by over 23% year-on-year. CISA calls for tighter export restrictions on steel. Western economies are struggling with shortages of input products and labor – and can hardly save themselves from orders. Germany boosts exports to...
Aug 9, 2021 | Stainless Espresso
Aug. 9, 2021 – The market reacted Monday to a more likely interest rate hike by the U.S. Federal Reserve on the back of surprisingly good labor market data from the United States. In the EU, stainless steel prices rose again last week. Run on materials and labor...
Aug 6, 2021 | Stainless Espresso
August 6, 2021 – According to market sources, EU lead times have already arrived in March 2022. And the order books for 2021 at EU steel producers are full. Base metals, such as nickel and aluminum, continue their positive trend today. Chinese aluminum...
Aug 5, 2021 | Stainless Espresso
August 5, 2021 – China is increasingly reliant on aluminum imports and has become a net importer of aluminum over the past year. A trend that continues apace, prompting questions about whether the Chinese government will next tighten the thumbscrews on aluminum...
Aug 4, 2021 | Stainless Espresso
August 4, 2021 – Chinese stainless steel prices are currently fluctuating at a high level and this is expected to continue not only in China but also worldwide. There are increasing reports that the crisis in the automotive industry, triggered by a shortage of...
Aug 3, 2021 | Stainless Espresso
August 3, 2021 – According to an estimate by Bloomberg, steel consumption in the United States will be around 104 million tons in 2021, followed by an estimated consumption of 108 million tons in 2022. This compares with domestic steel production of just 87...
Aug 2, 2021 | Stainless Espresso
August 2, 2021 – Difficult economic data and new regulations by the Chinese government sent Asian stock markets temporarily into a tailspin today. Western commodity exchanges unimpressed by Chinese data. Tight supply situation for aluminium continues to drive...
Jul 31, 2021 | Stainless Espresso
Taiwanese stainless steel producers are raising prices, some dramatically, for August 2021. And the South American steel market remains stunned after the end of Chinese export rebates on various steel products. Taiwanese stainless steel producers drastically increase...
Jul 30, 2021 | Stainless Espresso
July 30, 2021 – As we previously reported, the Chinese government has implemented its intention and imposed new export taxes and ended export rebates. Particularly affected are ferrochrome exports and 23 steel products, where export rebates have been completely...
Jul 29, 2021 | Stainless Espresso
July 29, 2021 – Chinese steel and stainless steel prices rose again today, even if analysts had already again sung farewells to the Chinese market. Aluminum, nickel and other important values further in the plus. India and Brazil increasingly focus on the...
