Stainless Espresso: China to cut steel production until at least March 2022?
September 7, 2021 – According to the latest reports, China will cut steel production until at least March 2022. It is worth noting that this time the order will be issued at national Chinese level rather than the traditional local level. EU steel prices for...
Stainless Espresso: Aluminum prices pick up due to coup in Africa
September 6, 2021 – A coup took place in the African state of Guinea over the weekend. Guinea is also considered China’s most important bauxite supplier. Aluminum prices on SHFE and LME are already reacting. Stainless steel futures have risen sharply today...
Stainless Espresso: Chinese Nickel pig iron price at new highs
September 5, 2021 – Chinese Nickel pig iron (NPI) prices have climbed to a new high despite further production cuts for Chinese stainless steel mills in August and September 2021, which should further underline the shortage of NPI and nickel ore. And steel...
Stainless Espresso: More than 3,000 wind turbines for an EU steel mill?
September 3, 2021 – The green transformation in Europe is coming. But so far no one knows where the energy and hydrogen will come from. A German steel mill alone would need 3,000 wind turbines to meet its energy needs. Will Chinese anti-dumping duties on...
Stainless Espresso: EU-U.S. steel dispute negotiations with rejected proposals?
September 2, 2021 – An agreement in the EU-U.S. steel dispute is expected before the end of the year. Is the U.S. government preparing to negotiate with a proposal already rejected by the EU – a quota solution? Commodity markets for base metals continue to...
Stainless Espresso: What’s next? Wait-and-see attitude on the raw material markets
September 1, 2021 – The overall picture on the world raw material markets today is unchanged from the last few days. We are therefore very brief today. The attitude on the raw material markets is wait-and-see. Demand for nickel and aluminum is likely to lead to...
Stainless Espresso: Next crisis? Indian aluminum smelters running out of energy
August 31, 2021 – Indian aluminum producers are running out of energy, according to recent press reports, after Coal India Ltd drastically reduced coal supplies without notice. In China, six other stainless steel producers in Guangxi province are having to cut...
Stainless Espresso: Chinese aluminum faces new challenges
August 30, 2021 – Chinese aluminum manufacturers have to look for new energy sources. Aluminum prices at 15 year high. Fed to pursue market-friendly quantitative easing. Nickel and stainless steel are rising sharply. Shortage: Stainless steel prices in Europe...