Stainless Espresso: EU must correct Safeguard mistake
Still on Monday, the European Union had to correct its error in the Safeguard calculations to the WTO. Only a few hours after we had pointed it out. The European market expects a continuing steel shortage and rising prices. And alloy prices in the EU are rising to...
Stainless Espresso: Errors in the EU Safeguard justification?
After a first analysis of the EU Safeguard notification to the WTO of June 11, 2021, we found possible errors in the calculation and the justification for the extension. Is scrap now running out in the EU in addition to steel? And the high steel prices seem to...
Stainless Espresso: EU extends steel safeguard measures
The EU has stated in a notification to the WTO that it intends to extend the EU Safeguard measures for three years. The decision comes amid worsening steel shortages and skyrocketing prices for many steel consumers in the downstream industry. And the UK also intends...
Breaking News: EC wants to extend EU Safeguard Measures!
As we have just been informed (June 11, 2021), the European Commission wants to extend the EU Safeguard measures on steel. EC announces extension of Safeguards on steel As soon as we can provide further details, we will inform you immediately. Read also: Stainless...
Stainless Espresso: Stainless steel shortage in Europe becoming more extreme
EU stainless steel producers unable to meet demand in the domestic market. Stainless steel consumers urgently dependent on imports. Commodity prices in Asia continue to rise. Stainless steel, HRC and nickel futures on SHFE on Friday, June 11, 2021, up between 2 to 4%....
Stainless Espresso: Steel and stainless steel futures up
Contrary to the recent chants of doom for steel prices, HRC futures in China are well up today. Stainless steel futures are also up. The background to this is, among other things, market concerns about the availability of raw materials for steel production. Iron ore...
Stainless Espresso: When will the end of the EU-US tariff dispute really come?
The European Union and the United States are expected to reach an agreement on the tariff dispute at the EU-US Summit on June 15. Tariffs on steel and aluminum are also on the agenda. But when can anything concrete really be expected here? On the SHFE, base metals are...
Stainless Espresso: Where are the sharp price falls on the steel market?
The media are quick to sound a swan song for the commodity and steel markets these days. “Sharp price drops, high volatility, steel exports from China collapse.” Is any of this real? Often, a closer look reveals only a blatant ignorance of the market on...