Stainless Espresso: EU Safeguards before their end?
After a short setback on Thursday, June 3, 2021, the nickel has stabilized again today. And all the world is looking tensed to Brussels: has the end of EU Safeguards come? There is a possibility that there will be an update today. Data, facts, figures: US labor market...
Stainless Espresso: Nickel inventories on LME and SHFE decreased
Nickel inventories decreased on LME and SHFE. Fitch Ratings has raised its long-term nickel price forecast. And Russia is thinking aloud about increasing MET taxes for metal producers. Facts, figures, data: Nickel inventories fall For 12 days now, stocks for the...
Stainless Espresso: 25 steel producers must shut down plants
The next round of government measures to replace capacity and control emissions is starting in Tangshan, China. 25 steel producers must shut down plants. Chinese Chromium up almost $500 per ton on June 1. Industrial metals in stronger demand in the United States. And...
Stainless Espresso: Waiting is not an option at present!
In South Korea, prices for automotive steel are being increased for the first time in 4 years. In Europe, the flat steel availability crisis could worsen. And on LME and SHFE, nickel and stainless steel futures continue to rise. Waiting is currently not an option on...
Stainless Espresso: Available cargo space top trade topic again
The global economic recovery is progressing. This can be seen from the latest reports, especially from Asia. Order books are full, factories are working at full speed, warehouses in Asia are becoming increasingly crowded – but getting hold of freight capacity...
Stainless Espresso: Is China setting the pace for CO2 reduction?
China has drastically increased the speed at which it wants to achieve carbon neutrality. CISA now reports that 620 million tons of annual production have already been converted to low emissions. Germany again reports shortages of wood and steel, threatening its...
Stainless Espresso: India and Indonesia hit with provisional anti-dumping duties
The European Commission has published today, May 28, 2021, the provisional anti-dumping duties on stainless steel products from India and Indonesia and now enter into force. Anti-dumping duties for India and Indonesia As a result, anti-dumping duties are now in place...
Stainless Espresso: When chips shortage ends, steel scarcity could grow
GM has announced it will restart some of its auto plants that were temporarily shut down due to the global shortage of semicondutor chips. What is good news for some, however, could pose problems for others. And have you ever made a major business decision based on...