Jul 5, 2021 | Stainless Espresso
On Monday we like to look at the markets and can make out a strong start to the week. In Asia, spot and contract prices increased on June 5, 2021. In some cases even very significantly, such as Dalian Iron Ore with over 5%. Or aluminum with more than 2.85%. In Europe,...
Jul 3, 2021 | Stainless Espresso
Possible tariffs on Indian HRC (hot-rolled coil) imports to the EU could do more harm than good to European factories in the long term. Background is that an investigation could be launched after imports from India rose significantly despite safeguard quotas. EU:...
Jul 2, 2021 | Stainless Espresso
We have learned (July 2, 2021) from well-informed sources that the European Commission intends to extend anti-dumping measures on imports of stainless steel cold-rolled flat products originating in the People’s Republic of China and Taiwan. However, a final...
Jul 2, 2021 | Stainless Espresso
Stainless steel demand in China and Europe remains high. Prices for Chinese stainless steel have continued to rise as purchasers seek to take advantage of current prices ahead of an expected increase in nickel. Base metals have lost slightly on the spot market, but...
Jul 1, 2021 | Stainless Espresso
U.S. steelmakers have called for a continuation of Section 232 tariffs as the EU extended Safeguard for three years. Despite the announcement that the United States and the European Union will settle their steel dispute by the end of 2021. China is experiencing...
Jun 30, 2021 | Stainless Espresso
Market sources in the European Union report that the major domestic steelmakers are sold out regarding processed coils until the end of the year. Things are not looking any better on the EU spot market. And analysts see steel prices at high levels for a longer period....
Jun 29, 2021 | Stainless Espresso
In the United States, further increases in hot rolled coil prices show what the upcoming infrastructure program will cause on the steel market. Brazil urgently needs to resort to steel imports, according to association opinion. And nickel, nickel ore and nickel pig...
Jun 28, 2021 | Stainless Espresso
The week starts with subdued metals on the spot markets. Malaysia extends the lockdown again. While Australia reports records in iron ore exports, India is running out of ore – and is discussing an export ban on steel. And the European Commission officially...
Jun 27, 2021 | Stainless Espresso
In India, the industry is calling for an export ban on steel and iron ore to counter the sharp rise in raw material costs. And EU pension funds see nickel on the upswing in the long term. EU pension funds see nickel price on long-term upswing A new survey of 150...
Jun 26, 2021 | Stainless Espresso
Russian Prime Minister Mikhail Mishustin yesterday confirmed the announced export tax on ferrous and non-ferrous metals. Germany is planning tax gifts worth billions to domestic steel producers. And the euro zone is recovering faster than expected. Russian export tax...
