Jul 15, 2021 | Stainless Espresso
The EC has further exacerbated the supply situation for aluminum in the European Union with a recent anti-dumping decision. In the United States, nickel briquette premiums are up almost 35%. Chinese stainless steel rises to 7-year high amid this year’s...
Jul 14, 2021 | Stainless Espresso
Gerber Group reports that a current EU anti-dumping case regarding stainless steel imports from Taiwan and China in the Expiry Review may violate applicable EU law. US CAFC states that 50% duties on Turkish steel were legal. Chinese aluminum smelters struggle with...
Jul 14, 2021 | Stainless Espresso
Riegel, 14 July 2021 – The Gerber Group, with its CEO Thorsten Gerber, has in recent days expressed its grave concern to the European Commission and the Directorate-General Trade that serious legal errors have been made in the Expiry review of the anti-dumping...
Jul 13, 2021 | Stainless Espresso
North American Stainless (NAS) has withdrawn its force majeure statement from last week. But does this change anything in the overall situation on the North American stainless steel market? In the EU, scrap prices for 316 grade continue to rise significantly. And...
Jul 12, 2021 | Stainless Espresso
The Chinese government has ordered major steel producers in China to cut production significantly and keep it at 2020 levels. For many steelmakers this means cutting monthly production by 20 to 30% or even shutting down entire blast furnaces. In the United States, the...
Jul 10, 2021 | Stainless Espresso
The sale of Acciai Speciali Terni is drawing closer. Two bidders are said to still be in the running for the Italian flat steel producer, which is to be sold by its parent company ThyssenKrupp. Acciai Speciali Terni: Two steel groups interested in purchase In the...
Jul 9, 2021 | Stainless Espresso
The European Commission’s Safeguard extension was not only a slap in the face for European downstream steel consumers, but is increasingly proving to have been made with a hot needle. Already in the notification to the WTO, we were able to prove that the EU had...
Jul 8, 2021 | Stainless Espresso
EU aluminum buyers are facing rapidly rising aluminum premiums. And according to manufacturer information, this trend is expected to continue in the coming months. The shortage of steel in the EU continues. And analysts for the United States also in the near future a...
Jul 7, 2021 | Stainless Espresso
After a short fall in base metal prices yesterday afternoon, the market has already recovered. The reasons for this are speculative so far and, depending on the analysts’ opinion, are due to inflation fears, possible new Chinese production restrictions or oil....
Jul 6, 2021 | Stainless Espresso
Stainless steel price rally still in focus. While many market participants are hoping for the traditional summer break, it seems to be absent this year. Which is not surprising in view of the pre-Corona period, investment backlogs, material shortages and...
