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Stainless Espresso: EU steel producers fail to achieve green transformation

Stainless Espresso: EU steel producers fail to achieve green transformation

Sep 15, 2021 | Stainless Espresso

September 15, 2021 – EU steel producers do not manage the green transformation. Traditional blast furnaces would have to be shut down by 2033. Technology unable to save more than 30% CO2 by 2050. 96% of EU flat steel production on the brink of extinction? While...
Stainless Espresso: Profit taking before US inflation data

Stainless Espresso: Profit taking before US inflation data

Sep 14, 2021 | Stainless Espresso

September 14, 2021 – Shortly before the US inflation data expected today, Tuesday, investors have exercised caution and realized profits. Nickel demand remains high. Profit taking in Base Metals Shortly before the publication of the U.S. inflation data and a...
Stainless Espresso: Aluminum prices shoot up sharply due to supply snags

Stainless Espresso: Aluminum prices shoot up sharply due to supply snags

Sep 13, 2021 | Stainless Espresso

September 13, 2021 – Aluminum prices at highest level since 2008 due to supply snags. Chinese export tax rebate cuts on aluminum back in play? EC only throws a bone wrapped in waste paper with proposal to suspend anti-dumping duties for 9 months. Steel and...
Stainless Espresso: EU steel producers concerned about possible anti-dumping suspension

Stainless Espresso: EU steel producers concerned about possible anti-dumping suspension

Sep 12, 2021 | Stainless Espresso

September 12, 2021 – Anti-dumping: European steel producers are expressing concern about the possible suspension of EU anti-dumping tariffs after the European Commission showed signs that it could temporarily suspend an tariff on aluminum due to ongoing economic...
Stainless Espresso: What is driving stainless steel and aluminum prices in 2021?

Stainless Espresso: What is driving stainless steel and aluminum prices in 2021?

Sep 10, 2021 | Stainless Espresso

September 10, 2021 – New rally on the commodity markets. Nickel and aluminum continue to rise. At a glance: What currently drives stainless steel and aluminum prices? Bauxite and aluminum: The European Union and its difficult relationship with raw materials. A...
Stainless Espresso: EU quota solution worries U.S. steel lobby

Stainless Espresso: EU quota solution worries U.S. steel lobby

Sep 9, 2021 | Stainless Espresso

September 9, 2021 – Rumors of a possible quota solution to the steel dispute between the United States and the European Union has now put the U.S. steel lobby on notice. It is expressing its concerns about EU overcapacities, the high CO2 burden of European steel...
Stainless Espresso: Higher infrastructure investment in China

Stainless Espresso: Higher infrastructure investment in China

Sep 8, 2021 | Stainless Espresso

September 8, 2021 – The current news situation is rather quieter today. Therefore, today we only take a brief look at the general figures on the metal markets and give a small outlook on Chinese imports and exports in August 2021 and upcoming infrastructure...
Stainless Espresso: China to cut steel production until at least March 2022?

Stainless Espresso: China to cut steel production until at least March 2022?

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...
Stainless Espresso: Aluminum prices pick up due to coup in Africa

Stainless Espresso: Aluminum prices pick up due to coup in Africa

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...
Stainless Espresso: Chinese Nickel pig iron price at new highs

Stainless Espresso: Chinese Nickel pig iron price at new highs

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...
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