Nickel ore in scarce supply, soon nickel pig iron too? – Stainless Espresso

Apr 16, 2024 | Stainless Espresso

16 April 2024 – Scarce availability of Indonesian and Philippine nickel ore leads to empty warehouses at Asian smelters. Impact on nickel pig iron (NPI) to be expected soon? Aluminum prices have recovered significantly since mid-2023. And a critical comment on...

LME and CME: US and UK ban Russian raw materials – Stainless Espresso

Apr 15, 2024 | Stainless Espresso

15 April 2024 – US and UK sanction Russian raw materials and ban sales on LME and CME. Will the reluctant EU now also join these new sanctions? Nickel and aluminium in particular jump significantly at the start of trading on the LME. Source

EU Parliament slams von der Leyen for favoritism – Stainless Espresso

Apr 12, 2024 | Stainless Espresso

12 April 2024 – Things are not going well in von der Leyen’s state. Not only the EU public prosecutor’s office and its corruption hunters are after her, but also the EU Parliament. It has now slammed the Commission President for her favouritism. And...

Nickel mines in Brazil and New Caledonia are not coming to rest – Stainless Espresso

Apr 11, 2024 | Stainless Espresso

11 April 2024 – Large nickel mines and processors in Brazil and New Caledonia are not calming down. In New Caledonia, protests over nickel aid from France turn violent. In the United States, delivery times for stainless steel are now also lengthening. And the...

Increasing delivery times for stainless steel in Europe – Stainless Espresso

Apr 10, 2024 | Stainless Espresso

10 April 2024 – Even if some people didn’t want to believe it: Delivery times for stainless steel from new production in the EU continue to increase significantly. This is also reflected in the price trend. Solutions are needed now. And nickel and...

EU stainless steel strikes: No end in sight? – Stainless Espresso

Apr 9, 2024 | Stainless Espresso

9 April 2024 – There still seems to be no end in sight to the EU stainless steel strikes. Finnish company releases striking employees and slams the door in their faces. Production backlog of flat rolled stainless steel in the EU already at more than 200,000 MT?...

thyssenkrupp: And every day the groundhog greets the groundhog – Stainless Espresso

Apr 8, 2024 | Stainless Espresso

8 April 2024 – The German steel group thyssenkrupp Steel Europe is regularly spinning the tale of job cuts through the political halls. This begs the question: When is the Group actually going to start behaving like a real commercial enterprise and earning...

EU corruption hunters are now officially investigating von der Leyen – Stainless Espresso

Apr 5, 2024 | Stainless Espresso

5 April 2024 – In the middle of the election campaign for this year’s EU parliamentary elections, the EU corruption hunters are launching an investigation into Commission President Ursula von der Leyen. Is her own party now calling on her to abandon the...

Is Spanish stainless steel mill now facing closure? – Stainless Espresso

Apr 4, 2024 | Stainless Espresso

4 April 2024 – The fronts in the strike at a well-known Spanish stainless steel manufacturer, which has been going on for almost 60 days, are hardening more and more. The company is now even threatening to close the plant completely if necessary. And the US...

Positive mood in China: Caixin PMI at highest level in 10 months – Stainless Espresso

Apr 3, 2024 | Stainless Espresso

3 April 2024 – The Caixin PMI has risen for the fifth month in a row, reaching its highest level in almost a year. The Chinese economy is in a good mood. LME copper stocks have fallen by almost 33% since January. New trouble for Mrs von der Leyen: European...