Anti-circumvention and the risk with “Consigned from…” – Stainless Espresso

Oct 11, 2023 | Stainless Espresso

11 October 2023 – After there were questions about the EU anti-circumvention case against stainless steel and the risk with “Consigned from…” we are going into it again today and clarify important points. EU and US close to preliminary...

Are anti-circumvention actions now coming against EU stainless steel? – Stainless Espresso

Oct 10, 2023 | Stainless Espresso

10 October 2023 – Will the anti-circumvention proceedings against stainless steel from Indonesia boomerang on EU Mills? There are indications that this is the case. Nickel price in Asia rises by about 1.8%. And be careful where you ship stainless steel....

CBAM: EC again shows questionable behaviour – Stainless Espresso

Oct 9, 2023 | Stainless Espresso

9 October 2023 – Once again the EU CO2 border tax attracts negative attention and puts the behaviour of the European Commission (EC) in a more than questionable corner. Favouritism at the EC or how critical voices were systematically excluded from CBAM...

EU climate tariff CBAM enrages German businesses – Stainless Espresso

Oct 6, 2023 | Stainless Espresso

6 October 2023 – Medium-sized companies in Germany are angrily up in arms against the EU climate tariff CBAM. Because neither the responsibilities have been clarified, nor is there a functioning system and it is becoming increasingly clear that the EC has simply...

EU Circumvention claims against stainless steel not tenable? – Stainless Espresso

Oct 5, 2023 | Stainless Espresso

5 October 2023 – The circumvention claims made by EUROFER and EU stainless steel producers against cold-rolled stainless steel products from Turkey, Taiwan and Vietnam originating in Indonesia are proving to be extremely shaky and contrived after only a brief...

Tightening of EU scrap export ban in planning? – Stainless Espresso

Oct 4, 2023 | Stainless Espresso

4 October 2023 – Are European steelmakers working on tightening the EU ferrous scrap export ban? Large-scale green DRI production already off the table? And UK consumer stocks have been strong so far in 2023. Source

China’s economy continues to stabilise in September – Stainless Espresso

Oct 3, 2023 | Stainless Espresso

3 October 2023 – The Chinese economy continued to stabilise in September 2023. This is shown by the latest PMI data for the manufacturing and service sectors in China. Aluminium stocks continued to fall due to stable and growing demand from China. Source

EU CBAM transition phase gets off to a more than jerky start – Stainless Espresso

Oct 2, 2023 | Stainless Espresso

2 October 2023 – The EU Carbon Border Tax CBAM launched on 1 October is already proving to be unfinished at the start. Not even all competent authorities in the member states have been determined. German authorities clueless about CBAM? Positive: And the US ISM...

EU sanctions against Russian steel imports from 30 September 2023 – Stainless Espresso

Sep 29, 2023 | Stainless Espresso

29 September 2023 – New EU sanctions against Russian steel products will come into force on 30 September, requiring manufacturers to prove that their processed products do not contain Russian steel. This is likely to affect India in particular. In China, the...

Lawsuit: Poland calls for repeal of EU CBAM and ETS system – Stainless Espresso

Sep 25, 2023 | Stainless Espresso

25 September 2023 – Poland has filed a lawsuit with the European Court of Justice against the EU regulations on CO2 allowance trading, the Market Stability Reserve and the CO2 Carbon Border Tax CBAM, which is due to start in October 2023. And on 26 September,...