May 17, 2021 | Stainless Espresso
Let’s take a look at the development of metal inventories in China today. Especially for aluminum billets it has gone down there by 24% in the past week. And the nickel outlook is still robust and expandable with demand and price development according to analyst...
May 15, 2021 | Stainless Espresso
In recent days there have been increasing suspicions and rumors that, at least temporarily, steel tariffs (and other metal products such as aluminum) could fall between the European Union and the United States. Are EU and U.S. putting mutual steel tariffs on hold for...
May 14, 2021 | Stainless Espresso
Is the European Commission distancing itself from the EU steel lobby? The EC seems to have a new focus when deciding on a possible extension of EU Safeguard measures. Which a recent video with Executive Vice President Vladis Dombrovskis suggests (video in article)....
May 13, 2021 | Stainless Espresso
After inflation concerns in the U.S., non-ferrous metals have weakened on the LME and SHFE. On the other hand, iron ores continue their upward trend and have risen above $235 per ton. In addition, steel and scrap prices are unimpressed and continue to rise. A ton of...
May 12, 2021 | Stainless Espresso
European steel prices have risen by 81% since November 2020 and steelmakers’ margins have also increased by 300% despite massive increases in raw material prices. In addition, EU steelmakers are apparently no longer offering on the spot market. EU steel prices...
May 11, 2021 | Stainless Espresso
After falling by almost 2.5% on Monday, nickel is already picking up again today (Tuesday), gaining almost $200 per ton on the LME. And in a webinar of the Turkish Steel Exporters Association (ÇIB), the European Commission was urged to end the Safeguard measures on...
May 10, 2021 | Stainless Espresso
Following a fire (Video) at Taiwanese steel producer Yieh United Steel Corp (YUSCO), new offers for stainless steel from Taiwan have again been delayed in many areas. Germany’s export engine is humming for the eleventh month in succession. And iron ore continues...
May 9, 2021 | Stainless Espresso
Some interesting market data await us in the coming week. Politically it should remain quiet – but you never know. In addition, stainless steel prices picked up significantly last week, as we expected. IHS Markit offers an exciting outlook for the coming week....
May 8, 2021 | Stainless Espresso
The GCC have announced that the Gulf Cooperation Council countries have issued definitive Safeguard Measures on certain steel products. And scrap prices worldwide continue to rise sharply and could exceed $500 per ton. GCC to set definitive steel safeguard measures...
May 7, 2021 | Stainless Espresso
Commodity prices are rising and rising. And are being further fueled by demand from China. In Europe, EUROFER announces how badly the European steel sector is doing. And in the same breath, EU steelmakers are cheering record profits. In addition, the US downstream...
