Stainless Espresso: Criticism of EU Safeguard extension continues unabated
July 28, 2021: Criticism of the European Commission’s three-year extension of the EU Safeguard measures continues unabated. The EU economy is being severely damaged by supply bottlenecks; in Germany alone the estimated losses amount to more than 25 billion...
Stainless Espresso: Rising ferrochrome prices pull up EU alloy surcharges significantly
Rising ferrochrome prices are pulling up domestic stainless steel producers’ August 2021 alloy surcharges significantly in the EU. By up to 10%. Nickel ore prices close to all-time high. Demand for 300 series stainless steel in 2021 up more than 35%...
Stainless Espresso: Chinese steel export taxes from 11 to 20%?
As market sources tell us, there is hot speculation in China about coming steel export taxes. There is talk of export taxes on HRC and CRC products in the range of 11 to 20%. Nickel and stainless steel prices continue to rise significantly. Stainless steel spot prices...
Stainless Espresso: Chinese power cuts have visible impact on stainless steel prices
Tight power supplies in China are having an increasingly visible impact on stainless steel price trends, as evidenced today, July 23, 2021, by a look at prices that have once again risen sharply. Nickel is again topping $19,000 per ton on the LME. And aluminum Midwest...
Stainless Espresso: Container rates to remain high into 2022
Global demand will continue to keep container rates up. At least until the Chinese Lunar New Year in 2022. Freight rates from India and Pakistan are also rising significantly due to a lack of containers and tight shipping schedules. In China, ferromolybdenum prices...
Stainless Espresso: Stainless steel buyers find less and less suitable offers
Stainless steel buyers report finding fewer and fewer suitable offers for their sales markets. The world takes a critical look at the European “Fit for 55” and the Carbon Border Tax CBAM. EU steelmakers are unhappy with their own lobbying. And iron ores...
Stainless Espresso: Base metals already back in uptrend
After brief Covid19 concerns, base metals had executed a slight downward correction on a broad front yesterday, Monday, July 19, 2021. Today, the prices of nickel, aluminum, copper and others are already rising again. In the United States, nickel premiums are in short...
Stainless Espresso: Problematic delivery delays for coil products in Europe
In Europe, particularly in Germany and the BENELUX states, further delivery delays and major technical problems are reported at some coil product producers. Nickel is rising on the LME and SHFE. In China, there is hot demand for nickel ores and NPI. And Chinese...