US: Punitive tariffs against China doubled to 20% – Stainless Espresso

Mar 4, 2025 | Stainless Espresso

4 March 2025 – Yesterday, US President Donald Trump enacted the new punitive tariffs against goods from Canada and Mexico and doubled them to 20% against China. Germany relies on special assets: investments strengthen economy and defence. Source

The European child must finally grow up – Stainless Espresso

Mar 3, 2025 | Stainless Espresso

3 March 2025 – Asian equity markets jumped today in response to strong Chinese PMI data. Stainless steel scrap prices and nickel are rising. And once again, the European child needs to grow up! Source

Nickel ore prices in Indonesia up 4% on Friday – Stainless Espresso

Feb 28, 2025 | Stainless Espresso

28 February 2025 – Prices for Indonesian nickel ore have risen again this week. In addition, the Indonesian government’s new foreign exchange control on natural resources is likely to have a further impact on commodity prices. Source

US: Additional tariffs on EU exports coming soon – Stainless Espresso

Feb 27, 2025 | Stainless Espresso

27 February 2025 – The US government plans to impose tariffs on EU exports in the near future, President Donald Trump announced yesterday ahead of a cabinet meeting at the White House. Taiwanese stainless steel producers raise prices for March. And the EU steel...

Nickel pig iron prices reach new record high for the year – Stainless Espresso

Feb 26, 2025 | Stainless Espresso

26 February 2025 – Asian nickel pig iron prices have risen almost continuously since the beginning of the year and have reached a new high today. Executive Order from US President Donald Trump targets copper imports into the United States. Source

Sentiment among German exporters brightens – Stainless Espresso

Feb 25, 2025 | Stainless Espresso

25 February 2025 – Sentiment among German exporters improved by almost 30% in February after the figures for German exports turned out to be much more positive than many had assumed in advance. South Korea imposes anti-dumping duties of up to 38% on Chinese...

Major Indonesian nickel smelter about to close – Stainless Espresso

Feb 24, 2025 | Stainless Espresso

24 February 2025 – One of Indonesia’s largest nickel smelters with an annual capacity of 1.8 million tonnes of nickel pig iron is on the verge of closure. NPI and stainless steel scrap prices continue to rise. Positive environment for aluminium prices. US...

Indonesian nickel ore prices jump significantly again – Stainless Espresso

Feb 21, 2025 | Stainless Espresso

21 February 2025 – Indonesian nickel ore prices jumped sharply today, Friday, as the world’s second-largest nickel ore supplier plans an Indonesian-style export ban. EU Trade Commissioner in Washington for talks on tariffs. Source

Steel doing good business in the EU again? – Stainless Espresso

Feb 20, 2025 | Stainless Espresso

20 February 2025 – While the EU steel lobby conjures up the demise of European steel, the first steel makers are reporting good quarterly results that don’t fit the lobbyists’ doomsday scenario at all. And the EU agrees on a ban on imports of Russian...

China boosts consumption, raw material prices rise – Stainless Espresso

Feb 19, 2025 | Stainless Espresso

19 February 2025 – China issued government bonds worth 693 billion renminbi in January to support the economy. Commodity prices react with price increases. Taiwan extends anti-dumping duties on certain cold-rolled stainless steel products. CBAM: A limited number...