Positive US economic data drive S&P 500 on course for success – Stainless Espresso

Nov 22, 2024 | Stainless Espresso

22 November 2024 – The leading US index, the S&P 500, has gained an impressive 33% in euros including dividends since the start of the year. This development reflects the strength of the US economy. And European recycling association calls for a move away...

Good prospects for the US construction industry in 2025 – Stainless Espresso

Nov 21, 2024 | Stainless Espresso

21 November 2024 – Analysts see a potentially good year ahead for the US construction industry in 2025. Up to double-digit growth rates in new construction are expected in parts of the United States. Iron ore and nickel prices continue to rise. And EU steel...

SHFE nickel prices rose on Wednesday – Stainless Espresso

Nov 20, 2024 | Stainless Espresso

20 November 2024 – Nickel prices on the SHFE rose by around 1.8% on Wednesday. Nickel on the LME also rose significantly at the start of trading. Reports of falling nickel mining quotas are coming from Indonesia. And iron ore prices in China continued to rise on...

China eliminates export tax rebates for aluminum – Stainless Espresso

Nov 19, 2024 | Stainless Espresso

19 November 2024 – The Chinese government has scrapped the export tax rebates of 13% for aluminum and copper. But photovoltaics and batteries will also have lower export rebates in future. And Asian iron ore prices rose again today (Tuesday), in some cases by...

Positive signals from China cause iron ore prices to rise – Stainless Espresso

Nov 18, 2024 | Stainless Espresso

18 November 2024 – Latest economic data from China suggests a welcome recovery in economic momentum. Particularly noteworthy is a stabilization in the real estate sector, which should also have an impact on iron ore prices. Nickel prices in Asia also showed a...

Scrap export ban: EU steel producers call for further restrictions – Stainless Espresso

Nov 15, 2024 | Stainless Espresso

15 November 2024 – EU steel producers continue to call for a scrap export ban that goes beyond the new EU Waste Shipment Regulation. If they get their way, the entrepreneurial freedom and competitiveness of the EU recycling industry, which is dominated by small...

EU Green Steel: Lack of transparency among steel producers – Stainless Espresso

Nov 14, 2024 | Stainless Espresso

14 November 2024 – A recent report from Sweden justifiably criticises the green steel transparency of European steel producers. The industry in Brazil reports rising profits. And freight rates from Asia to Europe are rising. Source

EU Steel Action Plan threatens downstream industry – Stainless Espresso

Nov 13, 2024 | Stainless Espresso

13 November 2024 – The EU Steel Action Plan, which is currently being heavily promoted by the steel lobby, is clearly threatening the competitiveness of small and medium-sized enterprises. The fact that the European Economic and Social Committee (EESC) is now...

Western stainless steel mills call for more market protection – Stainless Espresso

Nov 12, 2024 | Stainless Espresso

12 November 2024 – Western stainless steel mills dominated by large European corporations, both in Europe itself and in the United States, are once again crying out for more market protection, a level playing field and subsidies. But is this even justified and...

Renewed warnings of dwindling Indonesian nickel reserves – Stainless Espresso

Nov 11, 2024 | Stainless Espresso

Once again, the Indonesian government has warned of the end of nickel reserves in the country and called for them to be conserved and new deposits to be sought. Will the end of nickel reserves come sooner than expected? And the US stock markets can benefit...