Stainless steel prices increased last week – Stainless Espresso

Aug 28, 2023 | Stainless Espresso

28 August 2023 – Stainless steel prices rose again last week. And SHFE Nickel had also ended last week with a positive trend. Real estate group Evergrande is back on the stock market after the group halved its losses and was able to capitalize on rising demand...

Next commodity trader hit by nickel fraud – Stainless Espresso

Aug 25, 2023 | Stainless Espresso

25 August 2023 – Once again, a commodity trader who thought nickel was in his containers has been hit by a scam that commodity major Trafigura has also suffered this year. And after EU natural gas prices shot up due to a strike in Australia, they temporarily...

Chinese copper prices rise on positive sentiment – Stainless Espresso

Aug 24, 2023 | Stainless Espresso

24 August 2023 – Copper prices on the SHFE rose again Thursday on positive sentiment, political tailwinds and rising demand for other raw materials. And is the LME losing the nickel case in court? Source

US mills increase stainless steel alloy surcharges for September 2023 – Stainless Espresso

Aug 23, 2023 | Stainless Espresso

23 August 2023 – Stainless steel alloy surcharges in the United States for September 2023 are increasing. In particular, the surcharge for 316/316L is jumping up. Natural gas prices in Germany fell dramatically in July. And Asian commodities continue to develop...

World’s largest H2 direct reduction plant starts operation in Germany? – Stainless Espresso

Aug 22, 2023 | Stainless Espresso

22 August 2023 – You’re only being lied to if you believe it! Has the world’s largest H2 direct reduction plant really been commissioned in Germany and what does that actually mean? But this should not distract from us the positive facts: A look at...

CBAM, anti-circumvention, and positive developments in Asia – Stainless Espresso

Aug 21, 2023 | Stainless Espresso

21 August 2023 – No sooner has the EC returned from holiday than it not only presents a hasty final CBAM regulation, but also follows up with several anti-circumvention investigations against stainless steel from Indonesia. While commodity prices in Asia are...

U.S. Department of Energy expands critical materials list – Stainless Espresso

Aug 4, 2023 | Stainless Espresso

4 August 2023 – The U.S. Department of Energy has expanded its critical materials list in a recent assessment. And found that global nickel demand could lead to critical supply risks. And spot rates for container shipments jumped upward last week. Source

EU: Threat of new stainless steel anti-circumvention case? – Stainless Espresso

Aug 3, 2023 | Stainless Espresso

3 August 2023 – According recent reports, the European Commission’s Directorate-General for Trade has received a complaint against several countries in relation to possible circumvention of existing anti-dumping and countervailing duties on cold-rolled...

South Korea: Steel scrap imports soar – Stainless Espresso 

Aug 2, 2023 | Stainless Espresso

2 August 2023 – Steel scrap imports to South Korea climbed to their highest level in 13 months in June 2023. Good market sentiment in South Korea largely responsible. And China unveils comprehensive package of measures to support private sector, especially small...

Taiwan: Rising stainless steel prices in August 2023 – Stainless Espresso

Aug 1, 2023 | Stainless Espresso

1 August 2023 – Stainless steel prices in Taiwan continue to rise in August 2023, and prices in the European Union have also increased, sometimes significantly. And in Asia, commodity prices continue to rise. SHFE copper stocks continue to fall. Source