Sep 23, 2024 | Stainless Espresso
23 September 2024 – The Chinese steel market continues to consolidate and appears to be entering a phase of concentration in which smaller and less profitable manufacturers are being acquired in a targeted manner. Will Europe soon follow this trend? And India...
Sep 20, 2024 | Stainless Espresso
20 September 2024 – Base metals on the SHFE commodity exchange showed themselves to be friendly on Friday with rising prices. And European natural gas storage facilities are already 93% full on average and prices, despite some volatility, are now well below the...
Sep 19, 2024 | Stainless Espresso
19 September 2024 – Calls for urgently needed changes to CBAM are now also growing louder from EU stainless steel manufacturers. There are many indications that this is linked to the extreme shortage of stainless steel scrap. And the power poker for important EU...
Sep 18, 2024 | Stainless Espresso
September 18, 2024 – The US government yesterday announced a legislative initiative to amend the existing de minimis shipments rules for imports into the United States. This includes potential new rules for products affected by the steel and aluminum tariffs in...
Sep 17, 2024 | Stainless Espresso
17 September 2024 – German steel has once again reached a high point in a crisis that threatens its very existence. That’s what you might think when politicians, trade unions and steel manufacturers meet for a whingeing summit. Instead of taking...
Sep 16, 2024 | Stainless Espresso
16 September 2024 – EU steel manufacturers cannot produce enough stainless steel to supply the domestic market. This is the conclusion reached by the European Commission’s Joint Research Centre. ‘Compared to other categories, the more limited EU production...
Sep 13, 2024 | Stainless Espresso
13 September 2024 – Building permits in Canada rose surprisingly sharply in August, exceeding analysts’ forecasts by more than three times. European Central Bank cuts key interest rate as expected. And base metal prices in Asia are looking friendly today....
Sep 12, 2024 | Stainless Espresso
12 September 2024 – Russian President Vladimir Putin instructed his Prime Minister Mikhail Mishustin on Wednesday to consider an export ban on nickel, uranium, titanium and other relevant raw materials. Nickel prices on the commodity exchanges reacted sharply to...
Sep 11, 2024 | Stainless Espresso
11 September 2024 – China has announced plans to add steel, aluminium and cement to its carbon trading scheme. And nickel prices on the SHFE commodity exchange have risen. Nickel on the LME also rose significantly shortly after the start of trading. Source
Sep 10, 2024 | Stainless Espresso
10 September 2024 – EU steel lobby files lawsuit against results of anti-circumvention investigation against stainless steel from Indonesia, Taiwan, Vietnam and Turkey. And the Draghi Report on EU competitiveness calls for cutting red tape and abandoning the...
