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...
Apr 26, 2021 | Stainless Espresso
In Germany, if it finally emerges from the Corona crisis, all the signs point to an economic boom. And in Asia, prices for steel, nickel, iron ore and other key raw materials are rising again. Is the boom coming? German economists see economy in “starting blocks...
Apr 25, 2021 | Stainless Espresso
This Sunday in a nutshell, the Stainless Espresso with unpleasant news from the state of Punjap in India. Punjap urgently needs oxygen. State steel and iron producers must stop production to produce medical oxygen. Oxygen instead of steel: Punjap orders shutdown of...
Apr 24, 2021 | Stainless Espresso
China has decided to become carbon neutral by 2060. It is not unusual that in the planned Chinese market economy, many things will then run differently than in the West. Instead of arguing at length about what such a thing might look like, the Asians are creating...
Apr 23, 2021 | Stainless Espresso
With HRC prices in Europe up to 133%, Stainless Espresso is particularly strong today. We take a look at what happened. In addition, Europe is not getting out of the steel shortage. Overall, though, things should get even more exciting globally now that the United...
