Aug 20, 2021 | Stainless Espresso
August 20, 2021 – How playing with fear affects commodity markets. Chinese stainless steel prices remain stable due to increased demand. CISA calls for more export discipline for steel products. And can 2020 really be used as a representative statistical source?...
Aug 19, 2021 | Stainless Espresso
Measures taken by the Chinese government are causing stainless steel exports to fall. This reduces available stainless steel imports to Europe, which is dependent on imports due to robust demand. Chinese NPI stable, nickel ore prices rise. Strong US steel demand...
Aug 18, 2021 | Stainless Espresso
While planned maintenance work on several US steel mills is pending in the United States and more than 800,000 st of crude steel production is estimated to be lost in 2021, energy problems and emissions controls in China are causing further shortages of aluminum. In...
Aug 17, 2021 | Stainless Espresso
August 17, 2021 – Does Eurofer’s report on the development of EU steel consumption, published on August 16, contain errors? In some parts, it seems that this may be the case. Nickel products for stainless steel in short supply. Chinese stainless steel...
Aug 16, 2021 | Stainless Espresso
August 16, 2021 – According to current calculations, the upcoming US infrastructure bill will increase domestic steel demand and require an additional 17 million tons of steel and stainless steel. Already, the United States is short 40 million tons of steel. US...
Aug 13, 2021 | Stainless Espresso
August 13, 2021 – Demand for electromobility in Europe increased by over 147% compared with the first half of 2020. This is driving the investment efforts of European automakers into car batteries – also and especially in their efforts to become...
Aug 12, 2021 | Stainless Espresso
August 12, 2021 – Chinese nickel production has fallen by more than 15% so far in 2021. Inventories have also fallen significantly. According to Deutsche Bank calculations, China will lose 2.4 million tons of aluminum production by mid-2022. And delivery times...
Aug 11, 2021 | Stainless Espresso
August 11, 2021 – After the market correction at the start of the week, the market has regained its footing and is currently pointing upwards again. Further production cuts of steel and aluminum are reported from China. In addition, there is still a possible...
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...
