Breaking News: EC commits breach of law, stainless steel anti-dumping measure against Taiwan and China extended
The European Commission has extended the anti-dumping measure on imports of stainless steel cold-rolled flat products originating in the People’s Republic of China and Taiwan. Despite major legal concerns raised by Gerber Group. Gerber Group pointed out breach...
Stainless Espresso: Procurement concerns drive prices up again
September 16, 2021 – Procurement concerns for Chinese stainless steel have caused futures on the SHFE and spot prices to jump upwards. In Italy, a winner is emerging in the battle for stainless steel producer Acciai Speciali Terni. And the OECD is secretly...
Stainless Espresso: EU steel producers fail to achieve green transformation
September 15, 2021 – EU steel producers do not manage the green transformation. Traditional blast furnaces would have to be shut down by 2033. Technology unable to save more than 30% CO2 by 2050. 96% of EU flat steel production on the brink of extinction? While...
Stainless Espresso: Profit taking before US inflation data
September 14, 2021 – Shortly before the US inflation data expected today, Tuesday, investors have exercised caution and realized profits. Nickel demand remains high. Profit taking in Base Metals Shortly before the publication of the U.S. inflation data and a...
Stainless Espresso: Aluminum prices shoot up sharply due to supply snags
September 13, 2021 – Aluminum prices at highest level since 2008 due to supply snags. Chinese export tax rebate cuts on aluminum back in play? EC only throws a bone wrapped in waste paper with proposal to suspend anti-dumping duties for 9 months. Steel and...
Stainless Espresso: EU steel producers concerned about possible anti-dumping suspension
September 12, 2021 – Anti-dumping: European steel producers are expressing concern about the possible suspension of EU anti-dumping tariffs after the European Commission showed signs that it could temporarily suspend an tariff on aluminum due to ongoing economic...
Stainless Espresso: What is driving stainless steel and aluminum prices in 2021?
September 10, 2021 – New rally on the commodity markets. Nickel and aluminum continue to rise. At a glance: What currently drives stainless steel and aluminum prices? Bauxite and aluminum: The European Union and its difficult relationship with raw materials. A...
Stainless Espresso: EU quota solution worries U.S. steel lobby
September 9, 2021 – Rumors of a possible quota solution to the steel dispute between the United States and the European Union has now put the U.S. steel lobby on notice. It is expressing its concerns about EU overcapacities, the high CO2 burden of European steel...