Stainless Espresso: China further limits production of steel and aluminum
August 11, 2021 – After the market correction at the start of the week, the market has regained its footing and is currently pointing upwards again. Further production cuts of steel and aluminum are reported from China. In addition, there is still a possible...
Stainless Espresso: CISA calls for stricter export controls on steel
Germany increases exports in June by over 23% year-on-year. CISA calls for tighter export restrictions on steel. Western economies are struggling with shortages of input products and labor – and can hardly save themselves from orders. Germany boosts exports to...
Stainless Espresso: Market starts to price in expected Fed rate hike
Aug. 9, 2021 – The market reacted Monday to a more likely interest rate hike by the U.S. Federal Reserve on the back of surprisingly good labor market data from the United States. In the EU, stainless steel prices rose again last week. Run on materials and labor...
Stainless Espresso: Lead times for EU steel products in March 2022?
August 6, 2021 – According to market sources, EU lead times have already arrived in March 2022. And the order books for 2021 at EU steel producers are full. Base metals, such as nickel and aluminum, continue their positive trend today. Chinese aluminum...
Stainless Espresso: China increasingly reliant on aluminum imports
August 5, 2021 – China is increasingly reliant on aluminum imports and has become a net importer of aluminum over the past year. A trend that continues apace, prompting questions about whether the Chinese government will next tighten the thumbscrews on aluminum...
Stainless Espresso: Stainless steel prices fluctuate at a high level
August 4, 2021 – Chinese stainless steel prices are currently fluctuating at a high level and this is expected to continue not only in China but also worldwide. There are increasing reports that the crisis in the automotive industry, triggered by a shortage of...
Stainless Espresso: 40 million tons of steel missing for US industry
August 3, 2021 – According to an estimate by Bloomberg, steel consumption in the United States will be around 104 million tons in 2021, followed by an estimated consumption of 108 million tons in 2022. This compares with domestic steel production of just 87...
Stainless Espresso: China regulates and consolidates domestic steel market
August 2, 2021 – Difficult economic data and new regulations by the Chinese government sent Asian stock markets temporarily into a tailspin today. Western commodity exchanges unimpressed by Chinese data. Tight supply situation for aluminium continues to drive...