German steel production continues to rise in November – Stainless Espresso

Jan 6, 2025 | Stainless Espresso

6 January 2025 – Germany, one of the ten largest steel producers in the world, once again increased its crude steel production in November – has the valley of tears been passed? The US markets are boosted by strong economic data. Source

Indonesia mulls slashing nickel mining quotas in 2025 – Stainless Espresso

Dec 20, 2024 | Stainless Espresso

20 December 2024 – Indonesia is considering reducing the mining quotas for nickel ore by more than 120 million tons (-45%) in 2025. The Stainless Espresso team wishes you a Merry Christmas and a Happy New Year. Source

EU launches new safeguard investigation on raw materials – Stainless Espresso

Dec 19, 2024 | Stainless Espresso

19 December 2024 – The EU has today launched another safeguard investigation into certain imports of raw materials used in steel makers, among other things. In addition, several EU member states are pushing for tougher sanctions against metal exports from...

How do EU steel makers really earn their money? – Stainless Espresso

Dec 18, 2024 | Stainless Espresso

18 December 2024 – How have EU steel makers really earned their money in recent years? A very interesting question in times of falling crude steel production in the EU and a simultaneous significant rise in CO2 certificate prices. Positive impetus expected from...

EU Safeguard Review on steel imports launched on 17 December – Stainless Espresso

Dec 17, 2024 | Stainless Espresso

17 December 2024 – The European Commission announced today that it has launched a further review procedure of the EU Safeguard Measure on certain steel products, which has been in place since 2019. The EU also announced the 15th sanctions package against Russia...

Can the EU Safeguard measure on steel be tightened? – Stainless Espresso

Dec 16, 2024 | Stainless Espresso

16 December 2024 – As some of the manufacturer-affiliated press are currently reporting (for whatever reason), the European Commission could significantly tighten the EU Safeguard Measure on certain steel products, which has been in place since 2019, in its...

ECB cuts key interest rates: inflation falls, economic growth to rise – Stainless Espresso

Dec 13, 2024 | Stainless Espresso

13 December 2024 – The European Central Bank (ECB) cut its key interest rates by 0.25 percentage points yesterday and is forecasting economic growth for 2025 and 2026. American households are benefiting from wage increases, which should provide a further boost...

Nickel prices in Asia up more than 3% today – Stainless Espresso

Dec 12, 2024 | Stainless Espresso

12 December 2024 – Nickel prices on the SHFE rose by more than 3% in some cases on Thursday. Prices are also rising on the Chinese spot markets. ECB key interest rate cut expected. And upward trend of the Russell 2000 continues. Source

Saudi Arabia in economic transformation phase – Stainless Espresso

Dec 11, 2024 | Stainless Espresso

11 December 2024 – Saudi Arabia is setting the course for the post-oil era with a comprehensive investment offensive worth around 3.3 trillion US dollars by 2030. And German Chancellor Olaf Scholz continues to hand out election campaign gifts with his proposal...

German steel summit nothing more than election campaign stage – Stainless Espresso

Dec 10, 2024 | Stainless Espresso

10 December 2024 – The German steel summit at the Federal Chancellery shows the subsidy dreams of an outgoing chancellor who seems to be in election campaign mode for his core clientele and can no longer muster a political majority. China wants to strengthen its...