Asian nickel prices rise significantly on Monday – Stainless Espresso

Sep 30, 2024 | Stainless Espresso

30 September 2024 – Nickel prices on the Asian commodity exchange SHFE rose sharply on Monday with a whopping gain of more than 3.2%. Stainless steel prices in China rose in response. Aluminium: Is the European Union rattling its sabre at Russia again or will...

China euphoria continues to drive Asian stocks higher – Stainless Espresso

Sep 27, 2024 | Stainless Espresso

27 September 2024 – The euphoria on China’s stock markets continues due to positive stimulus signals from government circles. Iron ore prices rise by more than 4.5% on Friday. Nickel on the LME on its way to the USD 17,000/MT mark. And Russia is preparing...

Western campaign against dirty Indonesian nickel? – Stainless Espresso

Sep 26, 2024 | Stainless Espresso

September 26, 2024 – According to several Indonesian media reports, Western countries are actively running a smear campaign against Indonesian nickel in an attempt to regain lost market share. And Asian stock markets continue to be buoyed by Chinese stimulus on...

EU Market Protection Report 2023 – How far can the madness go? – Stainless Espresso

Sep 25, 2024 | Stainless Espresso

September 25, 2024 – The European Commission, which is still in office, presented its Market Protection Report for 2023 yesterday, Wednesday. The report makes it all too clear that the Von der Leyen I Commission is continuing its inflation-fueling and...

Asian stock markets welcome Chinese stimulus program – Stainless Espresso

Sep 24, 2024 | Stainless Espresso

24 September 2024 – Asian stock markets reacted today to a stimulus program recently announced by the Chinese government with gains of more than 4% in some cases. And Canadian steel producers are urging their own government to hurry up with the introduction of...

China: Steel market continues to consolidate – Stainless Espresso

Sep 23, 2024 | Stainless Espresso

23 September 2024 – The Chinese steel market continues to consolidate and appears to be entering a phase of concentration in which smaller and less profitable manufacturers are being acquired in a targeted manner. Will Europe soon follow this trend? And India...

Asian base metals end the week on a positive note – Stainless Espresso

Sep 20, 2024 | Stainless Espresso

20 September 2024 – Base metals on the SHFE commodity exchange showed themselves to be friendly on Friday with rising prices. And European natural gas storage facilities are already 93% full on average and prices, despite some volatility, are now well below the...

EU: Calls for CBAM changes are getting louder – Stainless Espresso

Sep 19, 2024 | Stainless Espresso

19 September 2024 – Calls for urgently needed changes to CBAM are now also growing louder from EU stainless steel manufacturers. There are many indications that this is linked to the extreme shortage of stainless steel scrap. And the power poker for important EU...

Section 232: US government wants to change de minimis import rules – Stainless Espresso

Sep 18, 2024 | Stainless Espresso

September 18, 2024 – The US government yesterday announced a legislative initiative to amend the existing de minimis shipments rules for imports into the United States. This includes potential new rules for products affected by the steel and aluminum tariffs in...

German steel: the moaning has reached a peak – Stainless Espresso

Sep 17, 2024 | Stainless Espresso

17 September 2024 – German steel has once again reached a high point in a crisis that threatens its very existence. That’s what you might think when politicians, trade unions and steel manufacturers meet for a whingeing summit. Instead of taking...