Stainless Espresso: Italy wants EU to suspend steel tariffs?
September 20, 2021 – Big surprise: Safeguard hardliner Italy wants to suspend EU steel tariffs. Holidays in Asia and sluggish metal markets. The Asian economy is emerging from the Corona low and has a lot of catching up to do. Metals: Sluggish trading activity,...
Stainless Espresso: Your Ego Is Your Biggest Enemy
The Western press is once again full of reports that the Chinese economy is threatening to collapse. But it turns out that the Asians see things differently and the metal markets in particular are reacting in the opposite direction. The European Union is more than 30%...
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...