Jan 11, 2024 | Stainless Espresso
January 11, 2024 – Russia has extended its scrap export restrictions and the corresponding quotas until mid-2024. Increasing demand for stainless steel scrap in China. And Mexico’s economy is benefiting greatly from US nearshoring activities. Source
Jan 10, 2024 | Stainless Espresso
10 January 2024 – Now that freight rates from India have jumped by up to 400%, even for routes that do not touch the Red Sea, the question arises as to whether shipping lines are shamelessly exploiting the situation. Is this threatening them with a political and...
Jan 9, 2024 | Stainless Espresso
9 January 2024 – Australia’s nickel industry is stumbling and has already identified a culprit: Xiang Guangda, also known as “Big Short”, the owner of Tsingshan Holdings. Necessary clean-up at the steel trading giants? Thyssenkrupp and Klöckner...
Jan 8, 2024 | Stainless Espresso
8 January 2024 – The European stainless steel market has started 2024 with an optimistic outlook and sees a great deal of pent-up demand coming from the domestic industry. Local steel manufacturers are being overwhelmed by a flood of imports from China, while at...
Dec 29, 2023 | Stainless Espresso
29 December 2023 – Shortly before Christmas, on 22 December 2023, the European Commission published the default data for the upcoming CBAM declarations from January 2024. The Commission had already published the basic studies on this in June 2022 and September...
Dec 25, 2023 | Stainless Espresso
25 December 2023 – After months of negotiations, Germany finally appoints national CBAM authority: The Federal Environment Agency and the German Emissions Trading Authority (DEHSt) take on the job. And there was a devastating explosion in a nickel factory in...
Dec 22, 2023 | Stainless Espresso
22 December 2023 – China maintains 40% export tariffs on ferrous scrap and stainless steel scrap in 2024. And the Stainless Espresso and Gerber Group team wishes you happy holidays. Source
Dec 21, 2023 | Stainless Espresso
December 21, 2023 – The drama over steel tariffs between Europe and the United States continues, despite an agreement to extend the punitive tariff suspension until March 2025. Is the EU’s Safeguard measure on steel going into extension? British inflation...
Dec 20, 2023 | Stainless Espresso
20 December 2023 – Following attacks in the Red Sea, shipping lines have already reacted and are avoiding the Suez Canal. US destroyers already successfully deployed, more warships on the way. Mexico in the fast lane: economy booming. Majority do not believe in...
Dec 19, 2023 | Stainless Espresso
19 December 2023 – The British government wants to introduce a UK CO2 border tax modelled on the European CBAM from 2027. Is the same chaos threatening here as in the EU? The bureaucratic chaos caused by the EU Commission with the introduction of CBAM is also...
