Political statement on the current government crisis in Germany by Thorsten Gerber, CEO of the Gerber Group

Nov 8, 2024 | Stainless Espresso

The political statement by Thorsten Gerber, CEO Gerber Group, on the current government crisis in Germany. Source

LME and SHFE nickel prices rise significantly again – Stainless Espresso

Nov 8, 2024 | Stainless Espresso

8 November 2024 – Nickel prices on the LME and SHFE rose significantly again on Thursday and Friday. Stainless steel prices are also benefiting from the rise in nickel. And on Thursday, the US Federal Reserve cut interest rates for the second time in a row....

Crashing end of the German government – Stainless Espresso

Nov 7, 2024 | Stainless Espresso

7 November 2024 – Shortly after Donald Trump’s victory in the U.S. presidential election, the German Chancellor undignifiedly throws his Finance Minister Christian Lindner out of the government. But instead of calling a vote of confidence and opening the...

Will Indonesia introduce further export bans on raw materials? – Stainless Espresso

Nov 6, 2024 | Stainless Espresso

6 November 2024 – According to media reports, the Indonesian government could be on the verge of introducing new export bans on raw materials. Nickel spot market prices and futures on SHFE are rising. And stock futures react with gains to the outcome of the U.S....

Aluminum prices rise: Chinese production data improves demand outlook – Stainless Espresso

Nov 5, 2024 | Stainless Espresso

5 November 2024 – The production data recently published by the Chinese government and an improved demand outlook have caused aluminum prices to rise further. And in Asia, the stock markets showed some significant gains on Tuesday, especially in China....

Nickel reserves in Indonesia about to run out soon? – Stainless Espresso

Nov 4, 2024 | Stainless Espresso

4 November 2024 – According to the Mineral and Coal Program Development at the Indonesian Ministry of Energy and Mineral Resources, Indonesia’s nickel reserves could be depleted in just under five years. Nickel and stainless steel scrap prices up in Asia...

LME nickel prices rose significantly at the start of trading on Friday – Stainless Espresso

Nov 1, 2024 | Stainless Espresso

1 November 2024 – Nickel prices on the LME rose significantly at the start of trading on Friday. Price increases are also being reported from Asia for almost all base metals, including nickel. And Taiwanese stainless steel producers have raised their prices for...

Call for an end to EU bureaucracy and regulatory madness – Stainless Espresso

Oct 31, 2024 | Stainless Espresso

31 October 2024 – More and more companies in the European Union are calling for an end to the bureaucratic and regulatory madness. Small and medium-sized companies in particular are suffering under the dictates of Brussels’ ivory tower. Source

German steel makers already enjoying massive relief on energy costs – Stainless Espresso

Oct 30, 2024 | Stainless Espresso

30 October 2024 – German steel makers never tire of complaining about high energy costs and are constantly calling for government measures. However, the fact that they have already received tens of billions of euros in relief is often swept under the carpet. And...

Steel scrap – the hard-fought resource – Stainless Espresso

Oct 29, 2024 | Stainless Espresso

29 October 2024 – Steel scrap is becoming an increasingly and jealously guarded resource. More scarce than you might think – but the world’s steel lobbies are investing heavily to keep it close to their production sites. And lending in the eurozone...