Jun 18, 2021 | Stainless Espresso
After the Fed announced on June 17, 2021 that it is considering a possible slight rate hike in 2023, the markets have reacted as expected and set back slightly. However, have already recovered this morning. We look at the current values. Facts, figures, data: Fed...
Jun 17, 2021 | Stainless Espresso
Shortages of key stainless steel and aluminum products continue. In the United States, despite capacity increases, there is no sign of any easing on the steel market. In China, aluminum smelters are having to cut capacities by an estimated 750,000 MT due to energy...
Jun 16, 2021 | Stainless Espresso
Steel and stainless steel prices were unimpressed by the current movements in base metals. In the Gulf region, demand is picking up as stainless steel stocks dry up. And aluminum futures show only marginally attention to Chinese announcement. Base metals price...
Jun 15, 2021 | Stainless Espresso
Still on Monday, the European Union had to correct its error in the Safeguard calculations to the WTO. Only a few hours after we had pointed it out. The European market expects a continuing steel shortage and rising prices. And alloy prices in the EU are rising to...
Jun 14, 2021 | Stainless Espresso
After a first analysis of the EU Safeguard notification to the WTO of June 11, 2021, we found possible errors in the calculation and the justification for the extension. Is scrap now running out in the EU in addition to steel? And the high steel prices seem to...
Jun 12, 2021 | Stainless Espresso
The EU has stated in a notification to the WTO that it intends to extend the EU Safeguard measures for three years. The decision comes amid worsening steel shortages and skyrocketing prices for many steel consumers in the downstream industry. And the UK also intends...
Jun 11, 2021 | Stainless Espresso
As we have just been informed (June 11, 2021), the European Commission wants to extend the EU Safeguard measures on steel. EC announces extension of Safeguards on steel As soon as we can provide further details, we will inform you immediately. Read also: Stainless...
Jun 11, 2021 | Stainless Espresso
EU stainless steel producers unable to meet demand in the domestic market. Stainless steel consumers urgently dependent on imports. Commodity prices in Asia continue to rise. Stainless steel, HRC and nickel futures on SHFE on Friday, June 11, 2021, up between 2 to 4%....
Jun 10, 2021 | Stainless Espresso
Contrary to the recent chants of doom for steel prices, HRC futures in China are well up today. Stainless steel futures are also up. The background to this is, among other things, market concerns about the availability of raw materials for steel production. Iron ore...
Jun 9, 2021 | Stainless Espresso
The European Union and the United States are expected to reach an agreement on the tariff dispute at the EU-US Summit on June 15. Tariffs on steel and aluminum are also on the agenda. But when can anything concrete really be expected here? On the SHFE, base metals are...
