Stainless Espresso: Stainless Steel Price Rally 2021
Stainless steel price rally still in focus. While many market participants are hoping for the traditional summer break, it seems to be absent this year. Which is not surprising in view of the pre-Corona period, investment backlogs, material shortages and...
Stainless Espresso: Metal prices with a strong start on Monday
On Monday we like to look at the markets and can make out a strong start to the week. In Asia, spot and contract prices increased on June 5, 2021. In some cases even very significantly, such as Dalian Iron Ore with over 5%. Or aluminum with more than 2.85%. In Europe,...
Stainless Espresso: Tariffs on Indian HRC (hot-rolled coil) could harm EU
Possible tariffs on Indian HRC (hot-rolled coil) imports to the EU could do more harm than good to European factories in the long term. Background is that an investigation could be launched after imports from India rose significantly despite safeguard quotas. EU:...
Stainless Espresso: EU to extend anti-dumping measures against Taiwan and China
We have learned (July 2, 2021) from well-informed sources that the European Commission intends to extend anti-dumping measures on imports of stainless steel cold-rolled flat products originating in the People’s Republic of China and Taiwan. However, a final...
Stainless Espresso: Stainless steel demand remains high, prices rise
Stainless steel demand in China and Europe remains high. Prices for Chinese stainless steel have continued to rise as purchasers seek to take advantage of current prices ahead of an expected increase in nickel. Base metals have lost slightly on the spot market, but...
Stainless Espresso: U.S. steelmakers call for 232 to continue as EU extends safeguard measures
U.S. steelmakers have called for a continuation of Section 232 tariffs as the EU extended Safeguard for three years. Despite the announcement that the United States and the European Union will settle their steel dispute by the end of 2021. China is experiencing...
Stainless Espresso: EU coils sold out until end of 2021
Market sources in the European Union report that the major domestic steelmakers are sold out regarding processed coils until the end of the year. Things are not looking any better on the EU spot market. And analysts see steel prices at high levels for a longer period....
Stainless Espresso: Will the US infrastructure program suck the steel market dry?
In the United States, further increases in hot rolled coil prices show what the upcoming infrastructure program will cause on the steel market. Brazil urgently needs to resort to steel imports, according to association opinion. And nickel, nickel ore and nickel pig...