SHFE stainless steel futures up for second week in a row – Stainless Espresso

Jul 5, 2024 | Stainless Espresso

5 July 2024 – Stainless steel futures on Asia’s SHFE have risen for the second week in a row. And iron ore prices on the DCE have risen by more than 4.5% this week. Source

German trade union demand: nationalize critical infrastructure – Stainless Espresso

Jul 4, 2024 | Stainless Espresso

4 July 2024 – Asian and European stock market quotations are in a positive mood today. And the demands and verbal attacks by the German Trade Union Confederation (DGB) for the nationalization of critical infrastructure in Germany seem like something from...

Raw material prices start the trading day with significant gains – Stainless Espresso

Jul 3, 2024 | Stainless Espresso

3 July 2024 – Raw material prices in Europe started the trading day significantly higher today and the share prices of many EU steel mills also recorded gains. And the EU wants to take action against the exploitation of duty-free allowances, which are currently...

Trend: EU stainless steel prices continue to rise in July – Stainless Espresso

Jul 2, 2024 | Stainless Espresso

2 July 2024 – EU stainless steel prices continue to rise in July 2024, driven in particular by scarce availability. And the German Ministry of Defence orders ammunition, trucks and tanks for more than 14 billion euros. Source

Turkey opens stainless steel anti-dumping case against China and Indonesia – Stainless Espresso

Jul 1, 2024 | Stainless Espresso

1 July 2024 – Turkey initiated anti-dumping investigation against cold-rolled stainless steel imports from China and Indonesia on 28 June 2024. And raw material prices in the first half of 2024 have risen in many cases. Source

German BGH judgement: End for Green Steel intransparency? – Stainless Espresso

Jun 28, 2024 | Stainless Espresso

28 June 2024 – Is this the end for Green Steel intransparency? In a groundbreaking judgement, the German Federal Court of Justice (BGH) recently put a stop to misleading advertising with labels such as “climate neutral”. Author of the EU Green Deal...

China with significant export growth in June? – Stainless Espresso

Jun 27, 2024 | Stainless Espresso

27 June 2024 – Economists expect export growth in China to be significantly higher than previously assumed. US communication service providers show strong performance. And criticism from Germany: EU not making progress on trade agreement. Source

The game for EU posts seems to be entering the next round – Stainless Espresso

Jun 26, 2024 | Stainless Espresso

26 June 2024 – The EU has taken another turn in the game for important posts in the Commission. But with the nomination of Ursula von der Leyen by the member states, has the ruler of Brussels already won? Because the EU Parliament does not particularly like von...

EU Safeguard measure officially extended until June 2026 – Stainless Espresso

Jun 25, 2024 | Stainless Espresso

25 June 2024 – The European Commission has officially extended EU Safeguard Measure until June 2026 despite massive criticism from European consumers. And will thyssenkrupp Steel Europe have its own climate targets confirmed in order to enable indulgence...

Nickel surpluses – what are they all about? – Stainless Espresso

Jun 24, 2024 | Stainless Espresso

24 June 2024 – According to the World Bureau of Metal Statistics (WBMS), almost 97.5% of the world’s refined nickel production was consumed directly from January to April 2024. Just 2.5% could be allocated to so-called surplus production, which corresponds...