Stainless Espresso: Alloy surcharges May 2021
Decline in alloy surcharges? Not really. The 400 series has increased between 45% and 100% since the end of 2020. We take an in-depth look at stainless steel alloy surcharges for May 2021. And also ask the really important question: where are stainless steel...
Stainless Espresso: New Provisional Anti-Dumping Duties
Today with two short messages. On Friday the EU announced that they will impose provisional anti-dumping duties on stainless steel cold rolled flat-products originating in India and Indonesia. And there is still not enough movement in global logistics. EU to impose...
Stainless Espresso: Chinese steel prices to rise by $250 per ton
Following the cuts in tax rebates for Chinese steel exports, which came as a surprise to many market participants, steel and raw material prices are continuing to rise. Chinese steel prices are expected to increase by up to $250 per ton. New price increases of up to...
Stainless Espresso: Offer stops in Asia
China cuts tax rebates on 146 steel products and much of the Asian market stops offers. Base metals continue their rally today. And as a bonus, you can now download all HS Codes affected by the tax rebate cuts. Offer stops for steel and steel products in Asia The...
Stainless Espresso: China removes VAT rebate on steel exports
According to media reports, China has removed VAT rebates on steel exports. In return, taxes on raw material imports have been set at zero. The 13% VAT rebate on exports of hot-rolled coil, wire rod and rebar will no longer apply from May, according to a statement on...
Stainless Espresso: US steel prices higher for longer, Book release
Prices on the commodity exchanges continue to rise, with copper and aluminum reaching record highs. In the United States, HRC prices are expected to remain high. Also lead times for new material from US mills stand at just under 9 weeks. Further Thorsten Gerber has...
Stainless Espresso: WTO calls for more facts and less polemics
The EU is using steel to win votes against China. The WTO on Monday – whether intentionally or not – holds suitably against. And the base metals have almost all risen. WTO calls for more facts and less polemics China has consistently been one of the main...
Stainless Espresso: Boom in Germany, steel and iron ore up
In Germany, if it finally emerges from the Corona crisis, all the signs point to an economic boom. And in Asia, prices for steel, nickel, iron ore and other key raw materials are rising again. Is the boom coming? German economists see economy in “starting blocks...