Jul 25, 2024 | Stainless Espresso
25 July 2024 – The price trend for stainless steel scrap continues to rise. Asian stainless steel futures rise by 1.8%. China initiates review procedure for anti-dumping measure. And Turkey imports more stainless steel again. Source
Jul 24, 2024 | Stainless Espresso
24 July 2024 – After severe flooding at the beginning of July, several aluminium plants in Switzerland had to declare force majeure and cease production. Aluminium is already becoming scarce in some industrial sectors. And has the United Nations declared war on...
Jul 23, 2024 | Stainless Espresso
23 July 2024 – In the fight against illegal nickel mining and to improve state revenues, Indonesia has expanded its online tracking system SIMBARA from coal to nickel. Copper demand is likely to continue to rise significantly in the medium term, Chinese copper...
Jul 22, 2024 | Stainless Espresso
22 July 2024 – In the first half of 2024, Chinese aluminum production rose to its highest level since 2014. However, demand for the important light metal is also rising in other parts of the world, such as Brazil and the European Union. The United States...
Jul 19, 2024 | Stainless Espresso
19 July 2024 – Ursula von der Leyen has been re-elected as EU Commission President for five years with her ‘business as usual’ approach. And the Commission loses in the proceedings concerning the publication of data on vaccine contracts. ECJ rules in favour of...
Jul 18, 2024 | Stainless Espresso
18 July 2024 – European steel mills are afraid. Especially of their own age. After all, EU steel production has been lagging behind the rest of the world for years. But where does this fear really come from? And the latest bank survey by the European Central...
Jul 18, 2024 | Stainless Espresso
18 July 2024 – If one thing is clear in Europe, it is that domestic steel and stainless steel mills have lacked the will to make new investments in their outdated production methods for years. Without subsidies from the EU or the member states, nothing will work...
Jul 17, 2024 | Stainless Espresso
17 July 2024 – The Dow Jones Index continued its record-breaking run on Tuesday, closing just below the 41,000 mark. And the U.K. Consumer Price Index is at the Bank of England’s 2.0% target for the second month in a row. Source
Jul 16, 2024 | Stainless Espresso
16 July 2024 – US reporting season: broad-based earnings growth. Over the last three reporting seasons, companies in the S&P 500 have increased their profits by an impressive eight percent year-on-year. And the third plenum of the Chinese Central Committee...
Jul 15, 2024 | Stainless Espresso
15 July 2024 – A strong recovery on Wall Street after good inflation data from the previous day sent the Dow Jones Index above the 40,000 mark. And Asian commodity prices were friendly on SHFE and DCE on Monday. Source
