May 6, 2021 | Stainless Espresso
Two weighty factors in steel production, scrap and iron ore, continue to point upwards in terms of demand and price trends. Scrap: prices up by $42 per tonne Recent purchases by Turkish steel mills have pushed scrap prices up sharply by $42 per ton, sources told...
May 5, 2021 | Stainless Espresso
The Stainless Espresso with the most important info for the day. Credit Suisse sees an “exceptional” global steel market in a recent analysis. The rating agency Care Ratings expects another possible price rally for steel in 2022, and Goldman Sachs sees...
May 4, 2021 | Stainless Espresso
EU lead times for steel and stainless steel continue to lengthen and now appear to have reached January 2022. India has not yet reached the end of possible EU measures with the anti-dumping case on stainless steel. Nickel prices are rising again. And the Eurozone PMI...
May 3, 2021 | Stainless Espresso
Decline in alloy surcharges? Not really. The 400 series has increased between 45% and 100% since the end of 2020. We take an in-depth look at stainless steel alloy surcharges for May 2021. And also ask the really important question: where are stainless steel...
May 1, 2021 | Stainless Espresso
Today with two short messages. On Friday the EU announced that they will impose provisional anti-dumping duties on stainless steel cold rolled flat-products originating in India and Indonesia. And there is still not enough movement in global logistics. EU to impose...
Apr 30, 2021 | Stainless Espresso
Following the cuts in tax rebates for Chinese steel exports, which came as a surprise to many market participants, steel and raw material prices are continuing to rise. Chinese steel prices are expected to increase by up to $250 per ton. New price increases of up to...
Apr 29, 2021 | Stainless Espresso
China cuts tax rebates on 146 steel products and much of the Asian market stops offers. Base metals continue their rally today. And as a bonus, you can now download all HS Codes affected by the tax rebate cuts. Offer stops for steel and steel products in Asia The...
Apr 28, 2021 | Stainless Espresso
According to media reports, China has removed VAT rebates on steel exports. In return, taxes on raw material imports have been set at zero. The 13% VAT rebate on exports of hot-rolled coil, wire rod and rebar will no longer apply from May, according to a statement on...
Apr 28, 2021 | Stainless Espresso
Prices on the commodity exchanges continue to rise, with copper and aluminum reaching record highs. In the United States, HRC prices are expected to remain high. Also lead times for new material from US mills stand at just under 9 weeks. Further Thorsten Gerber has...
Apr 27, 2021 | Stainless Espresso
The EU is using steel to win votes against China. The WTO on Monday – whether intentionally or not – holds suitably against. And the base metals have almost all risen. WTO calls for more facts and less polemics China has consistently been one of the main...
