Stainless Espresso: Russian export tax on metals confirmed
Russian Prime Minister Mikhail Mishustin yesterday confirmed the announced export tax on ferrous and non-ferrous metals. Germany is planning tax gifts worth billions to domestic steel producers. And the euro zone is recovering faster than expected. Russian export tax...
Stainless Espresso: US steelmakers with 164 days of maintenance work
While nickel has continued to rise on SHFE and LME and the other metals are also on the upswing, Russia wants to introduce export taxes on steel, nickel, aluminum and other products. In the United States, steelmakers face up to 164 more days of maintenance by the end...
Stainless Espresso: How are world market prices for stainless steel developing?
Opinions differ on the trend in market prices for steel and stainless steel. Some are singing the song of the end of the steel market boom. Others see no end in sight. In China, at any rate, domestic stainless steel prices are rising to a 4.5-year high. And the...
Stainless Espresso: EU Safeguard approval rating drops significantly
Approval among member states for EU Safeguard measures has fallen sharply. Spot prices for metals up. Futures in the plus. And Indonesia wants to limit production of cheap Nickel Pig Iron. Base Metals and stainless steel prices up Chinese spot prices in the important...
Stainless Espresso: China starts spot iron ore market investigation
Yesterday seasonal cooling on the iron ore market, today a different picture emerges. Chinese regulators startet an investigation and kept an eye on the spot iron ore market on Monday. They are looking for price gouging and hoarding. The background is that prices have...
Stainless Espresso: Iron ore in the seasonal cooling?
Early in the year, the first analysts are writing about a seasonal slowdown in commodities. We take a closer look at this using HRC, iron ore and nickel as examples. And Malaysia extends the Corona lockdown. Nickel still positive Unlike other base metals, nickel...
Stainless Espresso: EU member states vote for Safeguard extension
On Friday, June 18, 2021, the possible extension of EU Safeguard on certain steel products moved a step closer. The majority of EU member states voted in favor of a three-year extension. This is already being portrayed by the major EU steel producers and parts of the...
Stainless Espresso: Fed mulls slight rate hike in 2023
After the Fed announced on June 17, 2021 that it is considering a possible slight rate hike in 2023, the markets have reacted as expected and set back slightly. However, have already recovered this morning. We look at the current values. Facts, figures, data: Fed...