Aug 8, 2024 | Stainless Espresso
8 August 2024 – The EU Commission has today initiated anti-dumping proceedings against HRCs from Egypt, India, Japan and Vietnam. Is this again targeting Vietnam in particular? Indonesia wants to ban construction of new coal-fired power plants for nickel...
Aug 7, 2024 | Stainless Espresso
7 August 2024 – The latest WTO annual report forecasts a further increase in world trade for 2024 and also for 2025. Will a new EU anti-dumping investigation against HRC imports be launched in August? And an opinion: LME must urgently adjust nickel stocks...
Aug 6, 2024 | Stainless Espresso
6 August 2024 – The Japanese Nikkei 225 Index jumped by more than 10% on Tuesday. Many other stock indices also showed a very favourable trend today. High-grade nickel reserves in Indonesia to be depleted in around 13 years – Indonesian government suspends...
Aug 5, 2024 | Stainless Espresso
5 August 2024 – Despite what we see as a consolidation of the stock markets, nickel pig iron (NPI), an important raw material for stainless steel production, is robust and continues to show a clear upward trend. And the EU CBAM authority is once again proving...
Aug 2, 2024 | Stainless Espresso
2 August 2024 – Prices for nickel ore and NPI from Indonesia have risen significantly since the beginning of the year. Prices have risen by almost 50%, particularly for laterite nickel ore with a high nickel content. And a turnaround in key interest rates in...
Aug 1, 2024 | Stainless Espresso
1 August 2024 – Asian nickel futures rose again today, Thursday. Nickel prices on the Chinese spot markets are also continuing their rise. And a first interest rate cut by the US Federal Reserve is approaching and is expected in September. Source
Jul 31, 2024 | Stainless Espresso
31 July 2024 – The Indonesian Nickel Miners Association (APNI) yesterday announced the launch of an Indonesia Metals Exchange (IME). Nickel prices react with jumps of more than 5.5% to APNI announcement. And an expected decline in stainless steel prices in Asia...
Jul 30, 2024 | Stainless Espresso
30 July 2024 – Last week, EUROFER published its Economic and Steel Market Outlook for 2024/2025 (Q2 Report). If you read it without reflection, you might think that the EU steel industry is still struggling. But is that really the case? Or is this just an...
Jul 29, 2024 | Stainless Espresso
29 July 2024 – Spot market prices for Chinese stainless steel, especially for hot-rolled coil, rose on Monday. But stainless steel scrap is also showing rising prices. Asian stock exchanges, above all the Japanese Nikkei 225, are jumping upwards. And a large New...
Jul 26, 2024 | Stainless Espresso
26 July 2024 – Asian commodity markets are looking friendly on Friday, supported by positive developments in the US economy and housing construction there. And China’s renewable energies exceed installed coal capacities for the first time. Source
