EU supply chain regulation: von der Leyen’s bureaucratic legacy continues to grow – Stainless Espresso

Mar 18, 2024 | Stainless Espresso

18 March 2024 – Is the EU Supply Chain Regulation a foul compromise that bypasses the EU Parliament? And just another election campaign gift for the EU Commission President? And strikes at EU stainless steel manufacturers continue. Source

EU: Anti-dumping measure against seamless stainless steel tubes from China to be extended

Mar 15, 2024 | Stainless Espresso

15 March 2024 – The EU is likely to maintain the anti-dumping duties of up to 71.9% against seamless stainless steel tubes from China. And base metals, such as nickel, copper, zinc and aluminium, are showing a positive trend at the start of European trading....

Aluminum shortage growing in North America – Stainless Espresso

Mar 14, 2024 | Stainless Espresso

14 March 2024 – Following the closure of a major aluminum plant in the United States, concerns are growing about a worsening aluminum shortage. And it is not only in Southeast Asia that demand for stainless steel is picking up, but also in Europe, while two out...

Aluminium prices rise due to robust demand – Stainless Espresso

Mar 13, 2024 | Stainless Espresso

13 March 2024 – European and Asian aluminium prices have risen significantly in recent weeks due to rising demand. And US investors are taking a slight rise in inflation in their stride. German DAX breaks new record. Source

Iron ore prices down – weak data or rather politics? – Stainless Espresso

Mar 12, 2024 | Stainless Espresso

12 March 2024 – Iron ore prices in Asia have fallen – but is this really due to poor fundamental data or rather politics and short selling at the end of a restocking cycle? And first country raises serious concerns about the EU Carbon Border Tax CBAM at...

US economy: CEOs show optimism – Stainless Espresso

Mar 11, 2024 | Stainless Espresso

11 March 2024 – A clear change in mood among the bosses of major US companies: They expect more sales, plan higher investments and see job numbers rising. Surprising increase: China’s exports are growing strongly and exceeding all expectations and...

Is Finnish stainless steel mill now also failing? – Stainless Espresso

Mar 8, 2024 | Stainless Espresso

8 March 2024 – The next wave of strikes will hit EU member Finland from Monday: Will the stainless steel maker Outokumpu now also be out of action for weeks? And nickel prices exceed USD 18,000/MT – contrary to all prophecies of doom. Source

Strike at stainless steel maker Acerinox continues irreconcilably – Stainless Espresso

Mar 7, 2024 | Stainless Espresso

7 March 2024 – The strike at Spanish stainless steel manufacturer Acerinox has been going on for 31 days and there is still no end in sight. A possible round of negotiations yesterday (Wednesday) has been cancelled. What happens now? And the commodity markets...

Anti-circumvention: EC impresses with cluelessness – Stainless Espresso

Mar 6, 2024 | Stainless Espresso

6 March 2024 – The preliminary results of the European Commission’s anti-circumvention investigations into stainless steel from Indonesia via Taiwan, Turkey and Vietnam once again show the EC’s already criminal cluelessness with regard to the...

Stainless steel anti-circumvention: EC preliminary results – Stainless Espresso

Mar 5, 2024 | Stainless Espresso

5 March 2024 – The European Commission today announced the preliminary results of the two ongoing anti-circumvention proceedings against cold rolled stainless steel from Indonesia via Taiwan, Turkey and Vietnam. An official announcement of the results is...