Stainless Espresso: Taiwan to introduce carbon pricing mechanism in 2023
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...Stainless Espresso: Chinese aluminium capacities further down
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....Stainless Espresso: EC confirms anti-dumping against aluminum from China
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...Stainless Espresso: Prices for steel and aluminum have found support
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...
Stainless Espresso: Stainless steel market step on the gas again
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...
Stainless Espresso: Freight costs, rising energy prices, raw material demand
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...
Stainless Espresso: The Pandora Papers and the European Commission
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...
Stainless Espresso: Bulk Freight is no solution in stainless steel logistics
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....