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Latest EUROFER figures (deliberately?) wrong! – Stainless Espresso

Sep 9, 2024 | Stainless Espresso

9 September 2024 – The latest EUROFER press release on the alleged crisis in the steel industry in the European Union is based on (deliberately?) false data. And Taiwan could make the entire stainless steel industry almost CO2-neutral in one fell swoop with a...

Is the dispute over green EU lead markets for steel escalating? – Stainless Espresso

Sep 6, 2024 | Stainless Espresso

6 September 2024 – While the EU steel lobby is working hard to force the European economy to buy green steel, the important automotive industry is opposing the possible diktat from Brussels. Is the dispute escalating now? And will Italy’s proposal for an...

Germany: Positive data from the economy – Stainless Espresso

Sep 5, 2024 | Stainless Espresso

5 September 2024 – The German construction industry can already look forward to higher incoming orders in 2024, while at the same time demand for construction financing is already 18% higher than in the previous year. In Switzerland, inflation is on the decline....

Stainless steel: Ferrochrome prices remain stable – Stainless Espresso

Sep 4, 2024 | Stainless Espresso

4 September 2024 – Asian ferrochrome prices, which are relevant for stainless steel production among other things, have been extremely stable for some time, despite occasional volatility for several months. And is this report too politically explosive? After a...

New EU Commissioners: Liberalisation looks different – Stainless Espresso

Sep 3, 2024 | Stainless Espresso

3 September 2024 – The first names revealed for new EU Commissioners, particularly in the important economic and trade resorts, indicate that the second EU reign of Ms von der Leyen is once again likely to be at the expense of liberalisation and market openness....

Taiwanese stainless steel prices stable to rising for September – Stainless Espresso

Sep 2, 2024 | Stainless Espresso

2 September 2024 – The major stainless steel producers in Taiwan are keeping their prices stable to rising for September. Chinese stainless steel spot market also stable. And inflationary pressure in the US and EU continues to ease, increasing the likelihood of...

EU bureaucratic madness now leading to customs arbitrariness in Belgium? – Stainless Espresso

Aug 30, 2024 | Stainless Espresso

30 August 2024 – Is the ever-growing bureaucratic jungle from Brussels now leading to arbitrary customs duties? As in the case of stainless steel imports from Taiwan that has just come to our attention, where the anti-dumping hammer was once again wielded...

China battles steel overcapacity – Stainless Espresso

Aug 29, 2024 | Stainless Espresso

29 August 2024 – China has declared war on capacity expansions in steel production and is no longer allowing any new announcements for replacement capacity. And stainless steel prices in China have stabilised, demand is rising. Source

LME nickel prices continue to rise in August – Stainless Espresso

Aug 28, 2024 | Stainless Espresso

28 August 2024 – Nickel prices on the LME have risen between 5 and 6% so far in August. Philippine nickel ore is up 1.82% today and Asian analysts also expect an upward reaction in NPI prices in the short term. Source

Canada to impose high tariffs on steel and aluminum from China – Stainless Espresso

Aug 27, 2024 | Stainless Espresso

27 August 2024 – Canada has announced its intention to introduce tariffs on Chinese steel, stainless steel and aluminum products from October. And German steel mills continue to pick up speed and increase crude steel production, in some cases significantly....
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