EU Commission to look for Steel Safeguard successor – Stainless Espresso

Dec 4, 2024 | Stainless Espresso

4 December 2024 – The EU Commission wants to look for a successor to the EU Safeguard measure on certain steel products, which expires in July 2026, and thus continue to put the steel processing industry in Europe at a considerable competitive disadvantage. Base...

Japan’s economy recovering: industry and retail trade surprise positively – Stainless Espresso

Dec 3, 2024 | Stainless Espresso

3 December 2024 – Japan’s economy is in good spirits and on the road to recovery, as the latest industrial and retail data show. And Dalian iron ore futures reach two-month high on stimulus optimism and steelmaker restocking. Source

Credit growth in the eurozone continues to pick up – Stainless Espresso

Dec 2, 2024 | Stainless Espresso

2 December 2024 – Companies and households ensure renewed credit growth in the eurozone. Further increase expected for 2025. And the EU Commission wants to set up a task force to implement the Draghi Report in order to improve the competitiveness of domestic...

German steel giant: Dispute over possible job cuts – Stainless Espresso

Nov 29, 2024 | Stainless Espresso

29 November 2024 – The air is once again thick at Germany’s largest steel manufacturer in Duisburg. The corporation wants to push through reforms and has already threatened to cut jobs several times this year. Now the trade unions are opposing these plans....

Nickel price positive despite US Thanksgiving holiday – Stainless Espresso

Nov 28, 2024 | Stainless Espresso

28 November 2024 – Nickel prices in Asia and Europe were friendly despite today’s US Thanksgiving holiday. Iron ore prices on SGX up more than 7.3% since mid-November. And S&P 500 on track for success: records and positive outlook. Source

Call for: Massively restrict the power of the EU steel lobby – Stainless Espresso

Nov 27, 2024 | Stainless Espresso

27 November 2024 – In the fight against the escalating influence of the EU steel lobby, Thorsten Gerber, CEO of the Gerber Group, has once again met with members of the European Parliament and called for a restriction of the power of steel manufacturers in the...

Excessive bureaucracy costs Germany 146 billion euros a year – Stainless Espresso

Nov 25, 2024 | Stainless Espresso

25 November 2024 – According to a recent study by the ifo Institute, German bureaucracy destroys 146 billion euros in economic output per year – the main cause of the excessive bureaucracy can be found in Brussels! And reporting season in the USA:...

Positive US economic data drive S&P 500 on course for success – Stainless Espresso

Nov 22, 2024 | Stainless Espresso

22 November 2024 – The leading US index, the S&P 500, has gained an impressive 33% in euros including dividends since the start of the year. This development reflects the strength of the US economy. And European recycling association calls for a move away...

Good prospects for the US construction industry in 2025 – Stainless Espresso

Nov 21, 2024 | Stainless Espresso

21 November 2024 – Analysts see a potentially good year ahead for the US construction industry in 2025. Up to double-digit growth rates in new construction are expected in parts of the United States. Iron ore and nickel prices continue to rise. And EU steel...

SHFE nickel prices rose on Wednesday – Stainless Espresso

Nov 20, 2024 | Stainless Espresso

20 November 2024 – Nickel prices on the SHFE rose by around 1.8% on Wednesday. Nickel on the LME also rose significantly at the start of trading. Reports of falling nickel mining quotas are coming from Indonesia. And iron ore prices in China continued to rise on...